India bans export of all varieties of Onion

Onions

Highlights :

India bans export of all varieties of Onion
The ban include Bangalore rose onions and Krishnapuram onions
Bangladesh, Malaysia, UAE and Srilanka are the top importers of Indian onions.

India on Monday prohibited the export of all varieties of onions, except those cut, sliced or in powder form. The export of all varieties of onion is prohibited with immediate effect.

The ban include Bangalore rose onions and Krishnapuram onions.

India exported $ 198 millions of onions in the April-June period of FY2021 and $440 million in the entire 2019-20. Bangladesh, Malaysia, UAE and Srilanka are the top importers of Indian onions.

India had last year banned the exports of the key kitchen staple in the wake of its rising prices in the country and set the minimum export price (MEP) of onion at $850 a tonne to curb it's shippments and help bring down soaring prices in the domestic market due to floods in parts of major growing states of Maharashtra and Karnataka. The MEP was lifted in March this year and onions were made free for export.

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