Onion selling prices in Bangladesh jumped by more than 50 for every cent on Tuesday, subsequent a ban on exports by greatest provider India after its crop was destroyed and harvesting delayed by excessive rain, industry officers advised Reuters.
The shock shift, which took fast result on Monday, could support slash selling prices in India, but raise selling prices in Asian nations this kind of as Malaysia, Nepal and Sri Lanka, aside from Bangladesh, given that they rely on Indian shipments.
“What will we try to eat now?” asked Dhaka garment employee Munna Khan, who was laid off from his task in March after the coronavirus outbreak shuttered many corporations, hitting incomes for many, even though driving up the selling prices of commodities.
“Prices of all objects went up when we have no cash flow.”
Retail selling prices of the root vegetable, a staple of subcontinental delicacies, jumped