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Government Bans Export Of Onions

The government on Monday banned the export of Onions, due to a shortfall in the key cooking ingredient as exports shot up 30% in the April-July period.

India exported 2 types of onions: Fresh Onion and Dry Onion. India exported fresh onions worth $328 million and dried onions worth $112.3 million in FY20.

The exports of onions to Bangladesh shot up to 158% in the April-July period.

Exports of all varieties of onions are prohibited with immediate effect, the Directorate General of Foreign Trade said in a notification. “The provisions under the Transitional Agreement shall not be applicable under this notification,” it said.

In Delhi, the retail price of onion stood at ₹40 per kg.

The post Government Bans Export Of Onions appeared first on BulletinXp.



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