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Driven by reports of the lifting of the export ban on the commodity, the modal wholesale onion prices shot up 40.62 per cent to Rs 1,800 per quintal on February 19 in Lasalgaon, the country's largest wholesale onion market, from Rs 1,280 per quintal on February 17.
The government has reportedly allowed the export of onions in limited quantities to countries including Bangladesh, Sri Lanka, Mauritius, Bahrain, Bhutan, and Nepal., Economy News, Times Now
India faces onion shortage due to drop in rabi harvest. Meanwhile, export ban causes price crash, protests. Exporters suggest controlled exports amid shortage and high international prices. In a letter to the Union government, a group of leading onion exporters have cautioned the government about the consequences of allowing onion exports without adhering to a proper mechanism to control export volumes.
Export ban boon for onion dehydration units in Rajkot. Mahuva, the onion dehydration hub, is benefitting from the ban on export of fresh onions imposed by the government. The processing units in Mahuva are starting early and processing more stock compared to last year. They are hopeful of receiving good export orders and there is a rise in demand for processed onions from Gulf countries.
India banned the export of onions effective December 8 to make the essential kitchen staple cheaper for domestic consumers. This has led to a crash in the price from more than ₹40 a kg to around ₹13 currently in the wholesale market of Nashik, India's main onion-growing region. The ban on exports by the second largest onion producer, which used to ship 40,000-50,000 tonnes of the commodity every week, caused a spike in international prices.