homeeconomy NewsGovt considering lifting ban on onion exports as fresh arrival starts

Govt considering lifting ban on onion exports as fresh arrival starts

Onion prices have come down to around Rs 60-70 per kg depending upon quality and locality from the peak of Rs 160 per kg last month.

Profile image

By PTI Jan 21, 2020 6:17:40 PM IST (Updated)

Listen to the Article(6 Minutes)
Govt considering lifting ban on onion exports as fresh arrival starts
The government is considering lifting ban on exports of onion as fresh arrival of the commodity has started softening its prices in the domestic market, an official said.

Share Market Live

View All

"Arrival of fresh onion will further soften the prices here so there is a need to lift the export ban," the official said.
Onion prices have come down to around Rs 60-70 a kg depending upon quality and locality from the peak of Rs 160 per kg last month.
Fresh onion is available from January to May. In September 2019, the government banned export of onion to increase availability of the commodity in the domestic market and contain rising prices. The government had also imposed stock limits on traders.
Retail onion prices had skyrocketed in Delhi and other parts of the country due to supply disruption from flood-affected growing states like Maharashtra.
Onion production is estimated to have declined by around 25 per cent in the Kharif and late Kharif seasons of 2019-20 crop year compared to the previous year due to late monsoon and then excess rains in the major producing states.

Most Read

Share Market Live

View All
Top GainersTop Losers
CurrencyCommodities
CurrencyPriceChange%Change