Onion prices surge in Bangladesh despite peak harvest season

  • Thu, 8 May 2025

Onion prices surge in Bangladesh despite peak harvest season


Despite the peak harvesting season, onions are now among the rising kitchen essentials in Bangladesh, alongside rice, soybean oil, and vegetables. 

In Dhaka's kitchen markets, locally grown onions are selling for around $0.64 per kg, up from $0.50 to $0.55 just a week ago. 

Data from the Trading Corporation of Bangladesh (TCB) indicates that retail prices in the capital range from $0.36 to $0.59 per kg, marking a 23.5% increase compared to a month earlier. 

 A week ago, prices were between $0.36 and $0.50 per kg, as per TCB data. 

Retailers and wholesalers in Dhaka, along with farmers from major onion-growing districts like Pabna and Faridpur, report that onions were still being sold directly from the fields until about three weeks ago. 

However, the entire crop has now been harvested, and high-quality produce is being stored. 

Initially, many farmers rushed their onions to market to recover cultivation costs, temporarily flooding the supply and reducing prices. 

With the entire crop harvested, farmers are now storing high-quality onions that last longer, allowing more flexibility in sales timing. 

Md Abdur Rahim, director at the Department of Agricultural Extension, noted the government suspended onion imports since March to ensure local growers receive fair prices. 

Onions are typically planted in December and reach markets around March or April. 

Earlier, farmers expressed concerns over market prices falling below production costs. According to Agriculture Secretary Mohammad Emdad Ullah Mian, farmers spent between $0.32 and $0.44 to produce each kg of onions this season. 

The DAE estimates total output to exceed 39 lakh tons, with a projected need to import an additional 6-7 lakh tons to cover post-harvest losses. 

Agriculture Secretary Mian stated that a fair retail price should be around $0.55 per kg, considering a 15-20% margin over production costs. 

"When onions were selling below $0.55 in retail, farmers were largely incurring losses," Mian said.