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Onion price spirals again

Star Business Report
Onion prices yesterday marked a fresh spiral in the wake of serious supply disruption brought about by the latest spell of countrywide blockades enforced by the oppositionalliance.
Prices rose as high as 24 percent since Saturday, when the 72-hour blockade started.
Some retailers were seen selling locally-grown onions for as much as Tk 100 each kilogram yesterday, up from Tk 80 a kilogram on Friday. Imported onions rose toTk 60-70 per kilogram from Tk 50-55 on Friday.
Overall, onion is selling atTk 60-90 a kg, up from Tk 50-80 per kg on Friday, according to Trading Corporation of Bangladesh.
The fresh spike in prices of the essential cooking ingredient comes at a time when it was starting to decline following increased arrival of fresh harvests.
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Nur Mohammad, a retailer at Palasi kitchen market, said the prices would have come down to below Tk 50 per kilogram, fromTk 90-110 per kilogram a month ago, were it not for the sequence of blockades.
The wholesale market has "almost become dry" as supply from ports and hubs has fallen drastically due to the blockade, said Narayan Ghandra Saha of Nobin Traders at Syambazar wholesale market.
"We are not getting a truck even after agreeingto pay double the normal fare.
All are stranded at ports," he said, adding that should no truck arrive by yesterday night they would have to "sit idle" today.
However, prices of most other essential commodities including vegetables and rice remained unchanged as shopper turnout in kitchen markets was sparse amid fears of violence duringthe blockade.
At m idday, only two customers were seen at
the shop floor of the Agora outlet in Wari. On a normal working day, at least 10-12 customers can be seen at that time, said Azam Khan, the outlet's manager, adding that daily sales have dropped 30 percent for the blockade.
The prices of seasonal vegetables usually decline during this time because of full swing harvest, but supply disruption has kept prices at a constant level, he said, wh ile citing the case of cauliflower, a winter vegetable. It should be sei 1 i ng a t ’ Fk 20 a piece but is going atTk 40.
Mohammad Jewel, a vegetable retailer at Wari, said prices of almost all vegetables except for cauliflower and beans remained unchanged. The two vegetables experienced a rise in price due to supply shortage.
Mohammad Rajannya, a rice retailer at Pa Iasi market, tipped the prices of the staple to decline in the coming days, as the aman harvesting is in full swing.
Unless the growing regions are cut off from the rest of the country by political