The price of onions has increased by € 0.10-0.15 per kg in the past two weeks. The local variant now costs € 0.50 and the import variant € 0.60 per kg, last month that was € 0.40. The monthly price increase was 33% for the local variant €0.40 per kg and 21% for the import variant €0.45 per kg, both compared to last month.
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Retailers said the onion price could rise further as there was no chance to import Indian onions before the Islamic festival of Eid-ul-Azha (July 9-13). The rising prices remain inexplicable as the harvest season for local onions is high. "Sellers are citing a lack of imports of Indian onions for the price increase," said Mojaffar Hossain, a customer of Karwan Bazar. He also said that there are plenty of local onions on the market, but the retailers are raising prices while maintaining a strong syndicate with the onion wholesalers. However, a seller from Karwan Bazar said that in these cases they had nothing to do because they had to buy vegetables at high prices from wholesalers. Wholesalers said prices had risen as imported onions ...
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