Pakistan traders to resume onion exports as prices drop

Earlier this week, exporters decided to resume the export of onions as there is a reduction in prices and more market stability after the arrival of the onion crop from Sindh. The Pakistan Fruit and Vegetable Exporters, Importers and Merchant Association (PFVA) had imposed a self-ban from November 3 to curb the harvesting of premature onions for export, voluntarily stopping exporting onions due to rising demand in the domestic market and increasing prices.

On Nov 20, the PFVA, after analysing the supply and price of onion in the market, had called a meeting with exporters and decided to resume exports from November 27 whereas the decision was also intimated to the Department of Plant Protection.

According to PFVA Head Waheed Ahmed, matured and fully ready crops would be available soon as a result of temporarily discontinuing onion exports.

Source: profit.pakistantoday.com.pk


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