The global demand for onions is an interesting aspect of international trade
The global demand for onions is an interesting aspect of international trade
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The global demand for onions is an interesting aspect of international trade
The Curious Case of Onion Bans: Understanding the Fluctuating Regulations
India permits 64,400 tonnes of onion exports to UAE, Bangladesh
In a surprising move, India recently imposed a ban on the export of onions until March 2024. This decision, while seemingly abrupt, has its roots in various factors that have collectively led the Indian government to take such a measure. In this article, we will delve into the reasons behind the ban and its potential implications. Domestic Shortage: One of the primary reasons for the ban is the shortage of onions within the country. Onions are a staple in Indian Read Full Details…
India has banned the export of onions till March 2024, an official notification issued late Thursday evening said. The DGFT notification said the export of onions will, however, be allowed based on the permission granted by the central government to other countries based on their request. Onions are currently priced at around Rs 60 per kg in the retail markets in India. In August, the government had imposed a 40 percent duty on the exports of onions to control the Read Full Details…
According to EastFruit analysts, onions remain the most sought-after position in the global vegetable trade, and onion prices in many countries have broken records and continue to grow. The question “where to buy onions” remains very popular in the search, leading to unconventional sales transactions. Also, many countries have introduced an export ban, which further exacerbated the situation. We wrote about the reasons for this many times. We advise you to read our January onion longread here. Given the high Read Full Details…
The onion hysteria in the region has led to a wave of export bans, and it reached Azerbaijan. As EastFruit analysts have already reported, the exports of very expensive onions were banned by Kazakhstan, Uzbekistan, Tajikistan, and Kyrgyzstan. However, in the case of Azerbaijan, the wording of the government’s resolution is ambiguous. The Decree of the Cabinet of Ministers dated February 03, 2023 “On Amendments to the Decree dated March 18, 2022 “On Measures to Regulate the Export from the Read Full Details…