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Government lifts ban on onion exports

The government had imposed ban on onions in September last year when the prices of the bulb had crossed Rs 150 per kg in some retail markets. The government also had imposed stock limit and imported onions from Egypt, Afghanistan and Turkey to tame the prices.

, ET Bureau|
Last Updated: Feb 26, 2020, 07.53 PM IST
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“The prices of onion has come down to Rs 30-40 per kg in most of the retail markets. With strong arrivals, prices may further come down. Exports will help farmers get remunerative prices,” said a consumer affairs ministry official.
The government has decided to lift ban on export of onions in view of bumper crops. Food and consumer affairs minister told ET that the lifting of ban will help farmers get good prices as the March harvest is over 40% more than last year at 40 lakh tonnes.

“Prices have now stabilised and crops are reaching mandis in large quantities. So further ban on onion will put prices under pressure,” he said.

The government had imposed ban on onions in September last year when the prices of the bulb had crossed Rs 150 per kg in some retail markets. The government also had imposed stock limit and imported onions from Egypt, Afghanistan and Turkey to tame the prices.

“The prices of onion has come down to Rs 30-40 per kg in most of the retail markets. With strong arrivals, prices may further come down. Exports will help farmers get remunerative prices,” said a consumer affairs ministry official.
(Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.)

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