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India bans onion exports as prices treble in a month

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Reuters

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India on September 14 prohibited exports of onion, the federal government mentioned in a notification, as costs trebled in a month after extreme rainfall hit crops in southern states.

The export of all styles of onion was prohibited with the speedy impact, the federal government mentioned.

India is the world’s greatest exporter of onions, a staple of South Asian cooking. International locations resembling Bangladesh, Nepal, Malaysia and Sri Lanka depend on Indian shipments.

Wholesale costs in India’s largest onion buying and selling hub, Lasalgaon within the western state of Maharashtra, have practically trebled in a month to 30,000 rupees ($408.52) per tonne.

Extreme rainfall in India’s southern states of Karnataka and Andhra Pradesh has broken summer-sown crop and delayed harvesting in different states, mentioned Ajit Shah, president of the Mumbai-based Onion Exporters’ Affiliation.

 

First Revealed on Sep 14, 2020 09:08 pm

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