Onion prices have risen by 30-50% in the last fortnight as arrivals have slowed and demand has increased ahead of Eid-al-Adha (Bakra Eid). The trade has begun to hold stocks in the hope that the central government will ease its price-control interventions.
Pravarsh Sharma
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.
In light of the sharp decline in domestic prices for onions, analysts report that the Indian Government is actively exploring the possibility of lifting the export ban.
Pravarsh Sharma
During the current season, India is importing onions and garlic from Afghanistan via the Integrated Check-Post (ICP) at the Attari-Wagah border.
Pravarsh Sharma
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