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India hikes onion price

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saleen_s7

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India hikes onion price
Benapole Correspondent, bdnews24.com
Published: 2013-08-21 14:51:28.0 BdST Updated: 2013-08-21 14:51:28.0 BdST

India is charging an extra 200-dollar to export each ton of onion to Bangladesh.


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As a result, onion price has almost doubled in the retail market. It is now up-to Tk 80 per kg in several Dhaka markets.

Benapole Customs Clearing and Forwarding Agent Association official Moshiur Rhman said the Indian government suddenly raised the price of per ton of onions to Tk 650 from Tk 450 on Aug 18 without any prior notice.

“Import through the Benapole port was remained closed on that day,” he added.

He said new consignments of onions were available on Monday with a new price tag. “But again it did not come on Tuesday,” he added.

The port official sees the move by Indian government as a strategy to prevent price hike of onion in their country.

India hikes onion price - bdnews24.com
 
India hikes onion price
Benapole Correspondent, bdnews24.com
Published: 2013-08-21 14:51:28.0 BdST Updated: 2013-08-21 14:51:28.0 BdST

India is charging an extra 200-dollar to export each ton of onion to Bangladesh.


6
0
0 Print Friendly and PDF
As a result, onion price has almost doubled in the retail market. It is now up-to Tk 80 per kg in several Dhaka markets.

Benapole Customs Clearing and Forwarding Agent Association official Moshiur Rhman said the Indian government suddenly raised the price of per ton of onions to Tk 650 from Tk 450 on Aug 18 without any prior notice.

“Import through the Benapole port was remained closed on that day,” he added.

He said new consignments of onions were available on Monday with a new price tag. “But again it did not come on Tuesday,” he added.

The port official sees the move by Indian government as a strategy to prevent price hike of onion in their country.

India hikes onion price - bdnews24.com

Its rs70 in Kolkata. Still cheaper in BD.
 
Few days Back Onion was costing RS:80.00 Per KG :cray:


crying-onion1.jpg
 
@Flamingo - You shouldn't eat so many Onions ! :P
 
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couple of months back the price was around 20 INR . And its around 80 INR now.
 
Its rs70 in Kolkata. Still cheaper in BD.

the reporter changed zthe currency unit from dollar to taka. so actually its 650$ /1000kg => 0.65$/kg~40rs /kg. thats the whole sale price. add to it 30-40% commision of the seller and u get the same price as in indian market.
 
Fcking hoarders.

They are creating this artificial scarcity.

The last time this happened in NDA rule in the late 90s, Sushma Swaraj had threatened to unleash security forces on onion godowns, and force open them.

I hope they are punished severely this time as well.
 
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