After Nearly 15 Years, Bangladesh Starts Importing Onions From Pakistan
For the first time after nearly 15 years, Bangladesh has decided to import onions from Pakistan.
The move came following India’s ban on exporting onions to Bangladesh to control the recent hike in onions prices in different parts of India. Bangladesh’s total onions exports comprises of 75% of onions from India.
As per a report, the prices have skyrocketed in Bangladesh following India’s ban. The recent prices are the highest since December 2013.
Pakistan has received an order of over 300 tons of onions to Bangladesh for the first time after nearly 15 years. According to an official of the Trade Development Authority of Pakistan (TDAP), Karachi-based Roshan Enterprise and Bangladesh’s Tasho Enterprise reached an agreement in this regard.
“At least 12 containers of onions are being exported to Bangladesh, more would follow,” the official said.
“The shipment value from Pakistan would be around $600/ton,” Waheed Ahmed, patron-in-chief of All Pakistan Fruit and Vegetable Exporters, Importers and Merchant Association disclosed. According to Waqar Ahmed, Pakistan is capable of exporting a significant quantity of onions whenever the product is good. The local traders are also fearing an increase in the prices of onions in the Pakistani market.
Not just onions, a TDAP official disclosed that Bangladesh is considering the import of dates, grey fabric, and yarn from Pakistani companies.