The Center on Monday banned the export of all types of onions with immediate effect in an effort to bridge the demand and supply gap of vegetables in the domestic market, PTI reported. The ban, however, will not apply to onions exported in slices or in powder form.
The export of all onion varieties is banned with immediate effect, the General Directorate of Foreign Trade said in a statement. The DGFT is an arm of the trade ministry that deals with issues related to exports and imports.
The ban comes at a time when wholesale and retail the price of onions in August fell respectively 34.5% and 4%, respectively Mente. In Delhi, the retail price of onions stood at Rs 40 per kg.
An unidentified official told Economic Times that the decision was taken in view of coronavirus pandemics economic impact. Tariffs have risen and there is a shortage of onions in the domestic market, the official added. While this shortage is seasonal, a large amount of exports were made in recent months during the Covid-19 pandemic.
India exported $ 198 million onions between April and June in fiscal year 2020-21 and $ 440 million in 2019-20-20. Bangladesh, Malaysia, UAE and Sri Lanka are the major importers of Indian onions.
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