Govt bans export of onions with immediate effect | Onion will now be cheaper in the country, government bans export

new Delhi: To curb the rising prices of onions, the government has banned the export of all varieties of onions. This step of the government will increase the availability of onion in the local market, which will also reduce the prices.

In a notification issued by the Directorate General of Foreign Trade (DGFT), “The export of all varieties of onions is banned with immediate effect.” The DGFT comes under the Ministry of Commerce and deals with matters of import-export.

Why ban on export
Let us tell you that the wholesale inflation rate for onion in August has been (-) 34.48%, despite the increase in onion prices. Onion prices in Delhi have gone up by Rs 40 per kg. In fact, due to heavy rains in the states of South India, onion crop has suffered a lot this time. Due to this, onion prices have also increased in the domestic market. Since August 8 in wholesale markets, onion prices have been steadily increasing.

India has exported around $ 198 million onions between April and June. Last year, $ 450 million onion was exported. Most of the onion exports from India are to Sri Lanka, Bangladesh, Malaysia and United Arab Emirates (UAE).

Even before the export ban was imposed
Earlier, in September 2019, the government had banned onion exports. At that time, onion prices had increased considerably due to the huge difference in demand and supply. In large onion-producing states like Maharashtra, the onion crop was severely damaged due to rains and floods.

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