Page 4 - Onion Export News Today

Indias ban on onion exports has led to soaring prices for Asian buyers, causing them to seek cheaper alternatives. Traditional importers, including Bangladesh, Malaysia, Nepal, and the UAE, are grappling with high prices as India, the largest exporter of onions, faces a domestic shortage. The ban, imposed due to doubled domestic prices, is unlikely to be lifted before Indias general elections next year.

Four more onion farmers were detained as the protests against the ban on onion export continue. The ban has led to a drastic fall in prices in the wholesale market. Stay updated with the latest news on onion farmers and protests in Rajkot.

Consumer Affairs Secretary Rohit Singh denied that the export ban would lead to the interests of farmers being compromised

On third day of Maharashtra winter session, Opposition legislators on Monday staged a protest on steps of the Vidhan Bhavan building Maharashtra’s Nagpur

The Centre has banned onion exports till March 31 next year to increase domestic availability and to keep prices in check

The steps come amid anticipated lower output of food items due to a patchy summer monsoon and drought in some states. | Latest News India

Onion prices started to climb in Maharashtras Pimpalgaon and Lasalgaon wholesale markets, Asias largest, in the second week of August. However, they shot through the roof in October, just after the end of Navratri, crossing Rs 85 per kg in some markets.

A minimum export price (MEP) of $800 per tonne on a freight-on-board basis will be applicable on onion effective October 29 and remain in force until December 31 | Latest News India

This comes after the 40 per cent export duty imposed in August, and is directed to improve domestic availability of onions in the country.

The government on Saturday imposed a minimum export price (MEP) of USD 800 per tonne on onion exports till December 31 this year with a view to increase availability of the vegetable in the domestic market and contain prices.