TCB selling onions at Tk 45 per kg

FT ONLINE

The state-owned Trading Corporation of Bangladesh (TCB) is selling onions at Tk 45 per kilogramme (kg) in some 35 locations of the capital to control its skyrocketing prices.

On Monday, onion prices increased by Tk 8-10 per kg in the retail market of the capital after the Indian government banned the export of onions with "immediate effect" until further orders a day ago.

The commodity was being sold between Tk 105 and Tk 110 per kg in different kitchen markets in the capital.  

On Sunday, the neighboring country took a decision to ban onion exports in the wake of its rising prices in the country.

The Indian Ministry of Commerce and Industry amended the export policy of onion from free to prohibited to bring down soaring prices in the domestic market due to floods in parts of major growing states of Maharashtra and Karnataka.