Syful Islam
Neighbouring India is giving substantial subsidy on onion export to grasp Bangladesh market in this peak season forcing local farmers to sell the vegetable at Tk 8 to Tk 9 per kilogram.
Informed sources said India is providing US$65 subsidy on per ton onion export with a view to make the Bangladeshi onion producers less competitive and discouraging them from cultivating onion in future.
India’s Director General of Foreign Trade had imposed ban on onion export at a time when the price was rising. The ban put some oil on the fire and led the price to reach Tk 50 per kg. [Read more]