Despite being in the middle of the harvesting period the prices of onions increased between 62-71 percent in the last 21 days.
In mid-January, the local variety of onions was selling at Tk 70 to 80 per kg, that by the end of January stood at Tk100 per kg.
Then in the first week of February, onion prices were between Tk 105 and Tk 110 per kg. Yesterday (Friday), the price of a kg onion jumped to Tk120 per kg. Today (Saturday) it was sold in the retail market at Tk130 per kg.
As a result, the price of onion saw an increase by Tk50 per kg in just 21 days.
Trading Corporation of Bangladesh (TCB) Assistant Director (Market Information) Nasir Uddin Talukder told that onion was sold in the market on Friday at Tk 120 per kg.
Last week it was sold at Tk90 per kg, and a month ago it was between Tk 85 to 100. But last year at this time onion was sold between Tk 30 and Tk 40 per kg.