India permits the export of onions to specific countries
NEW DELHI : India has allowed exports of onions on government-to-government basis to some countries, on recommendation of the Ministry of External Affairs, said people aware of the matter. Another person said the government has permitted exports of onions in limited quantities to Bangladesh, Sri Lanka, Mauritius, Bahrain, Bhutan and Nepal, among others.
India, the world’s second largest onion exporter, had banned shipments of the kitchen staple in December 2023 till March 2024 due to rising domestic prices and potential shortages. This led to a surge in onion prices in neighbouring countries. With severe rain and hail storms damaging the crop in places such as Nashik and Ahmednagar in Maharashtra, onion arrivals fell in the peak season in November, inflating prices and forcing the government to ban shipments of the bulb vegetable effective December 8.
Tradologie.com, designed in India, for the world, is a user friendly SaaS based global trade hub and your streamlined solution for procurement and sales of B2B commodities such as rice. On the platform, connect with verified global bulk onion buyers or bulk onion sellers, bypass middlemen for higher profits, and secure the best bulk prices for your business, effortlessly. Simplify your rice trade with Tradologie.com.
Nashik Onion Farmers Protest as Prices Crash
This has led onion prices to crash from more than ₹40 a kg to about ₹13 currently in the wholesale trade market of Nashik, India’s main onion-growing region, prompting onion farmers to protest for two months demanding lifting of the export ban. Onions have 0.6 percentage points weightage in overall inflation and 10 percentage points in the vegetable basket. A rise in onion prices can push food inflation up causing concern for the government which is going to face voters in Lok Sabha elections in a few months.
In early February, a team of central government officials visited the onion growing regions of Maharashtra. The team was expected to make a recommendation to the government on the export ban. Meanwhile, some large exporters wrote to the government on Sunday, suggesting that instead of completely banning onion exports, the government should permit outward shipments on a restricted basis, adding that any major export volume can lead to a significant price rise in the onion trade market.
If you are an onion importer wishing to buy onion in bulk or an onion exporter willing to export bulk onion, then Tradologie.com is the right platform for you. Tradologie.com is a next-generation Saas platform that facilitates bulk agro-trade across the globe. Through tradologie.com’s interface, buyers can avail the best qualities of agro-commodities at negotiable rates.
The transaction oriented platform has 600,000+ verified buyers and about 70,000+ registered sellers of agro-commodities from over 150 countries.