"The export prohibition on onions valid till March 31 has been extended until further orders," said a Directorate General of Foreign Trade notification.
In December 2023, the government had banned exports of onion after the modal retail prices of the key agricultural commodities doubled ₹60/kg from ₹30/kg reported in September last year.
The export of onions to countries is allowed on a case-to-case basis after approval from the interministerial group.
Sources said despite the arrival of rabi crop harvest, prices have not softened yet.
According to the department of consumer affairs, the modal wholesale prices of onion on Friday were ₹2,500/ quintal against 1,500/quintal a year ago. Correspondingly, the modal retail prices currently ruling at ₹30/kg against 20/kg reported year ago.
This story is from the March 24, 2024 edition of Financial Express Mumbai.
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This story is from the March 24, 2024 edition of Financial Express Mumbai.
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