Supply and demand, the two opposite forces with reference to price and amount interact to settle at

a point that money-flow expert dub as steadiness/balance price. Leftward moves/changes of the
supply curve represent less supply in the market that pushes the price upwards. On the other hand,
rightward moves/changes of the demand curve also result in higher prices. Again, both curves may
change relative position to create multiple steadiness/balance prices. Steadiness/balance
represents market clearing prices; the market is neither seen as oversupply or shortage. The
(numbers that change/things that change) that shift the demand curve are quite different from the
supply curve.

There may be different reasons for supply shocks of a clearly stated/particular (something of
value). First, a sudden decision for an exporter to limit export and given the demand of the product
is inelastic; the price is increased by (more than two, but not a lot of) folds. There may be other
reasons for leftward move/change of the supply curve; the syndicate may (not in a natural way/in a
fake way) stop supply to collect extra (money made/good thing received) with higher prices. The
product with elastic demand almost never experiences noisy and crazy prices because demand and
supply instantly (change to make better/change to fit new conditions) to settle at a comforting
price both for people (who use a product or service) and producers.

This above structure may be a guide to understand the recent big rise in the price of onion. Onion
prices went beyond far above the tolerance limit even for a low-priced person (who uses a product
or service); per kg of the onion was selling for Tk. 150 (even though there is the existence of onion)
government tries to pull the controls and (not wild; easily controlled) the market with promise of
different import destinations. This year harvest of onion suffered in India first by (time period with
not enough rain) and then by bad rainstorm. The price of onion almost tripled in the Indian market.
Price hike of an extremely important item such as onion with no close substitute is an unpleasant
experience for any government.
Onion is accommodating with all kinds of cuisine and without onion the food is colorless and
tasteless. So, desperate people often blame the sellers as rogue who trade on people’s misery.
However, there were instances when onion was sold at Tk.20 per kg and the price was swooping
for tariff free augmented supply from India. Market perfection requires essentially a reasonable
price for any inelastic product conducive both for producers and consumers.
The most pessimistic scenario is that in case of devaluation of nearby cash, the well deserved
outside trade would be utilized for an item that we can create in our own nation. It would be
characteristic that value climb might be a customary component if residential interest isn't
shortened or creation isn't increased through presentation of high yielding onion seeds, composts
and rural advance.
Onion is a significant fare things in India with crisp foods grown from the ground. India traded
almost five billion pounds of onion a year ago. During a typical year, duty free imports of onions
discourage the neighborhood market and ranchers lose enthusiasm to build creation. It is occupant
on the administration to set a base cost of onion [floor price] over the balance cost with the goal
that makers get a motivator to build creation and the levy ought to be over the logical degree of tax
so household cost isn't discouraged by import from India. It is frequently seen that cost of onion in
Bangladesh is underneath the household cost of India. This might be considered as pre-emptive
measure to increase dependence on the Indian fare at the expense of local independence; known as
ruthless dumping in worldwide exchange. Another essential in the steadiness of cost is the growth
and structure of atmosphere well disposed stockpiling limit gadget to cover the successful creation
cycle.

Shortage brings open doors for some partners. A sudden lack favors hoarders to control advertise,
urge center men to gain financial lease and aides in the rise of underground market. When
Exchanging Enterprise of Bangladesh sells onion at Tk.45 per kg against the open market cost of Tk.
140 for every kg, the increase is viewed as exceptionally high for some gathering of individuals,
who can bring in additional cash through resale. Notwithstanding, the most basic factor in the
entire scene is the market syndication that might be in a situation to concede import and keep the
cost at a more elevated level to acquire additional benefit. It is noted by the Conscious Customer
Society that during the most recent four months the syndicated bunch has stashed over $ 375
million from the shoppers.
On the other hand, the onion price hike has affected all other daily activities which were affiliated
with onion and were mostly dependent on it. Restaurants were one of them. Almost every dish or
food items required onion and due to hike in onion price, the restaurant owners were struggling to
buy sufficient amount of onions from the market due to their unavailability. So, as a result it caused
the market demand for the restaurants to decrease and the changes in the market demand caused
massive shift in the market equilibriums. With onion prices shooting up and the next crop to come
to the market, the usage of the edible bulb is getting frugal at restaurants. Homemakers to hoteliers
to the kanda bhaji seller on the street—all have been forced to become not so generous with their
servings of onions. Unlike the hike in fuel prices, two years ago, which led to a rewriting/redoing in
prices in restaurant menus; usually, restaurants don't react immediately to ups and downs in
(something of value) prices. The price rise of a (something of value) does not get factored into the
menu immediately as this is expected to be a one-off important thing/big event that will stabilize in
a short span of time. So, the restaurants were at a wait-and-watch mode.
Onions form a large base for most of our recipes. Due to the prevailing price hike in onions, most
medium and large hotels and restaurants are taking a hit of around 2 percent to 5 percent on
profitability. If the current situation continues, most hotels and restaurants will have no option but
to revise rates of most items that have onions as an ingredient. So, as the prices of onions hiked up,
the restaurant owners also had to increase the prices of items in their menu. The decision on price
hike is a choice made by restaurants at an individual level. Small restaurants have already hiked
their prices but mid-sized and large hotels haven’t done so yet. However, margins have taken a hit
up to 15 percent to 20 percent due to the hike in onion prices.
As from the country’s perspective, the price of the onions caused some other factors to dysfunction
in the process. Money-flow experts have long been strongly encouraging the government to reach
(the ability to survive with no outside help) in food part/area however that process is interfered
with/slowed down because of increasing dependency on imports. When we were in a rice serious
problem in 2008 and we could not import rice, (people in charge of something) of the government
suggested replacing rice with potato. As the government did not learn from that situation, we are
experiencing the same with onion price.

It is not like that the government has no control over the business syndicates rather it doesn't have
the will to do so. The current onion price hike is due to over-storing of onion and the government
should have run sudden attacks in storage facilities that are creating false serious problem in the
market and put into use law in the same way/in that way. The government's unwillingness is
obvious in their lacklustre approach in conducting drives.

In the basic sense of money flow/money-based studies, the market does not react the same to
real/honest shortage and fake shortage. So, the government should have managed and did/done
sudden attacks and control the market and the syndicate besides importing onion. Leaving
everything on the businessmen is nothing but a chance to the syndicate to (make money/get
something good) more from the situation.
Onion, rice and salt -- all three of them are daily kitchen (things of value) and price hike effects very
little on their demand. In this situation/event, public could tackle the situation by buying less but
such steps are necessary when the government fails in every way to control the market. However,
cut on the use is a symbolic protest on the situation, not a permanent solution. I think this kind of
situation mainly comes to us for the failure of our government.

The web portal of the People's Republic of Bangladesh says that the annual demand for onions in
Bangladesh is around four million metric tons. Almost three million tons of onions are grown in a
year in Bangladesh. On the one hand, the rest of the demand has to be imported, of which those
would come from India for some times. Onion price have almost reached skyrocket when India
stops exporting onion. On the other hand, onion has been imported in this financial year almost one
million tons before the export of India!. So, all in all, this forced the restaurant owners to establish a
higher price on their items. This also raises a concern on whether this happened all of a sudden or
not. There are many elements interconnected with this upswing. Firstly, farmers almost never get
the (money made/good thing received) in case of a price hike rather they are starved of their actual
rights and (money made/good thing received). There is no bridge between farmers and general
buyers and sellers. Functioning syndicate and (pile of supplies) in all parts/areas become very
much filled with problems in Bangladesh. Visible actions are seen very rarely against the
syndicates.

On the other hand, it is wondering to see how Bangladesh does not import regular items such as
onion from India, known as one of the closest friends of Bangladesh whereas the biggest
neighboring nation gets privileges in many ways as much as possible from Bangladesh years after
years. Where is the believability of the strong (gluing or joining together/friendship forming) of the
two nations? Besides, there are (more than two, but not a lot of) states in India where the price of
onions has collapsed (not very long ago) and their farmers have been also suffering for not getting
the right value.

In this situation/event, the government should arrange needed/demanded move with other
countries to promise the export of onions and other daily products (that are bought and sold) by
the well-known two-sided polite/(to improve relationships with people) tie. Mass people should
question on these issues, rather not only storming on social media and simplifying the things with
fun. Otherwise, the situation and the life of common people will be (usual/ commonly and regular/
healthy)ised again without any solution like it happened before, and will be waiting until the next
upswing and sufferings. Under the circumstances, it is now imperative for Bangladesh to decrease
dependency on India for onion import and vulnerability to climate-induced losses by importing
onions from alternative sources. However, a careful assessment of the impacts of onion imports on
prices to avoid reducing prices - so much so that they become a disincentive for Bangladeshi
farmers to produce onion - is also a prerequisite.

The IFPRI study recommended that the government ensure a structured and regulated flow of the
locally produced onions by being vigilant against speculative storage. Businesses must make a
(money made/good thing received) in order to survive, just as humans must breath to live on.
Business houses are neither moral nor socially wrong, but people who run the businesses are. But
making (money made/good thing received), on one hand, is an extremely important element for the
(wasting very little while working or producing something) of a productive (community of
people/all good people in the world) - (wasting very little while working or producing something)
in the sense of avoiding waste - and on the other, it is the (thing that decides something) of
production of right amount of products (that are bought and sold) and services or to be imported
by using the proper technology and market knowledge. On the other hand, (money made/good
thing received) is rightly connected with playful (wanting, more than anything else, to buy and own
lots of nice things) of life. Selfish thinking always is very different from the thinking of humanism
and higher (related to religion or the soul) gut feelings, or the deeper meaning of life. According to
modern Western sense of right and wrong; (money made/good thing received) is good but
profiteering is bad. Of the two grounds put forward, one is the socially wrong behavior in earning a
too much/too many (money made/good thing received) or looking (for) 'shameful gain' from the
handicap of one's fellow-creature. Anyway, free-market (process of people making, selling, and
buying things) or money-based systems could not function well, without the productive material
(serious thought/something to think about/respect).

The principal argument against the classic liberal (community of people/all good people in the
world) is "that its money flow/money-based studies is most in control/most commonly driven by
money-based reason for doing something", and (money made/good thing received) is socially
wrong. It is related to greed. Businessmen often do not carry out their responsibility as they often
look (for) only material gains to advance their own narrow interests and not those of the
community as a whole. They become blind to their own gains at the expense of the social welfare of
the community. The demand for onions in Bangladesh is growing steadily along with the population
growth and rising per person income. The income and expense survey of BBS (2002-2007-2012)
shows that the consumption of onion was 5.6 kg in 2002 and increased to 6.8 kg in 2005 and 8.2 kg
in 2012 per person per year. Such an increase in consumption equals to almost 4% per year. IFPRI
(International Food Policy Research Institute) in their analysis in 2013 projected that by 2020 the
demand for onions in Bangladesh will be about 21 lakh tons or yearly demand growth of 5% per
year.

The IFPRI analysis also shows that city-based residents in 2010 used/ate/drank/destroyed 40%
more onions per person than the (away from cities) population. So, it can be assumed that as
(growth of cities with more people) is speeding up even quickly than it was (described a possible
future event) in 2010, due to uneven rise in income among the city-based and (away from cities)
population, slow growth of (away from cities) non-farm employment, river wearing away, climate
change, so is the consumption of onions. It is guessed (number) that the minimum demand for
onion in 2018 was 29 lakh tons and may increase to a minimum 31 lakh tons in 2019. Therefore,
the real group onion consumption per person has grown at a rate of 6% or more.

Import Statistics of the Bangladesh Bank (BB) and that of the Department of Farming Extension
(DAE) guessed (a number) based on local production, show that the domestic production was 23
lakh tons in 2018, while its imported amount was about 11 lakh tons. This equals the demand of 34
lakh tons. However, BBS Household expense survey shows that the local production of onions is
about 18 lakh tons and adding to the import of 11 lakh tons, the total consumption equals to 29
lakh tons. Taking statistics of both of these government (services businesses/government units)
into account, we may come to the end/end result that the minimum demand for onions was 30 lakh
tons, while the maximum was 32 lakh tons in 2018, or 31 lakh tons on average.

If we take into account a 7 percent growth, then the demand for onion in 2019 should be about 33
lakh tons. Price; the right price for any product simply means "whatever price people (who use a
product or service) are willing to pay when no (having very little of something important)" or
supply equals demand. Therefore, if onions are to be offered at the right price, then we must
increase our production and import the right varieties preferred by people (who use a product or
service) to equal the demand. For the production of onion, I don't think, we are helping grow less
land but our total production is not enough to meet the demand because of low working well and
getting a lot done. On import, unless right statistics are available on-demand, the right amount can
not be imported at the right time to meet the demand.

Reference’s
https://m.gulf-times.com/story/647849/Bangladesh-flies-in-onion-supplies-as-price-hits-new-
high
https://www.firstpost.com/business/onion-price-hike-impacts-2-5-profitability-of-restaurants-
small-hotels-increase-rates-but-large-ones-on-wait-and-watch-mode-7758761.html
https://thefinancialexpress.com.bd/views/onion-price-hike-and-market-intervention-
1574523563