Trade and
Tariff Commission of the Ministry of Commerce said while the prices of onions
and both refined and unrefined sugar rose sharply, the price of wheat declined.
The domestic market did not fully reflect the extreme price hikes seen on the
global stage.
Analysis of
international market data reveals that onions experienced the most substantial
price surge over the last six months. On 18 February, the international price
was $108 per ton, but it leaped to $270 by 4 August.
This
re...
