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India lifts ban on onion exports

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28 February 2020 08:33 am - 0     - {{hitsCtrl.values.hits}}

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(New Delhi) REUTERS: India has lifted a ban on onion exports, Food Minister Ram Vilas Paswan said on Wednesday, as prices of the bulb have fallen sharply in the last few weeks on expectations of a big crop.


“Since the price of onions has stabilized and there is a bumper onion crop, government has decided to lift ban on export of onions,” Paswan said on Twitter.


India, the world’s biggest exporter of onion, banned exports of onions in September last year to keep domestic supplies intact after flooding in several states worsened seasonal shortages, leading to a spike in local prices.


Wholesale prices of onions have more than halved in the last five weeks, according to data compiled by National Horticultural Research and Development Foundation, a government agency.


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Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

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