Indian government lifts ban on onion exports

India’s federal government imposed a ban on onions in September of last year, when the prices of that commodity crossed Rs 150 per kg (€1.95) in some retail markets. The government also had imposed stock limit and imported onions from Egypt, Afghanistan and Turkey to tame the prices.

The prices of onion has come down to Rs 30-40 per kg in most of the retail markets. With strong arrivals. prices may further come down. Exports will help farmers get remunerative prices," said a consumer affairs ministry official.

The government has decided to lift ban on export of onions in view of bumper crops. Food and consumer affairs minister told ET that the lifting of ban will help farmers get good prices as the March harvest is over 40% more than last year at 40,000 tonnes.

"Prices have now stabilised and crops are reaching mandis in large quantities. So further ban on onion will put prices under pressure," he said.

The government had imposed a ban on onions in September last year when the prices of the bulb had crossed Rs 150 per kg in some retail markets. The government also had imposed stock limit and imported onions from Egypt, Afghanistan and Turkey to tame the prices.

"The prices of onion has come down to Rs 30-40 per kg in most of the retail markets. With strong arrivals, prices may further come down. Exports will help farmers get remunerative prices," said a consumer affairs ministry official.

Source: economictimes.indiatimes.com


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