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Onion Export Ban: Government’s war on skyrocketing onion prices, price declining rapidly due to export ban

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Onion Export Ban: Government's war on skyrocketing onion prices, price declining rapidly due to export ban

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Onion (Photo Credits: IANS)

new Delhi: Due to crop failure in the rainy season, prices of all green vegetables including potatoes, onions and tomatoes are touching the sky. As a result, people’s kitchen budget is deteriorating. To get relief from inflation, the central government banned onion exports on Monday with immediate effect. Due to which the availability of onion in the domestic market has increased and prices have been curbed. Onion sellers say that due to the decision of the government, onion prices will come down sharply in the coming days.

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Onion seller Mohammad Zakaria of Okhla vegetable market in Delhi from news agency ANI said that the prices of the onion would be affected by the decision of the central government to ban the export of onions. Due to the stoppage of export abroad, the price of onion will fall by Rs 2-3 per kg. This price will be reduced in a day or two.

Meanwhile, in Nashik, Maharashtra, one of the world’s largest onion mandis, farmers took to the streets on Tuesday to protest against the ban on onion exports. Farmers demonstrated in Mungse, Pimpalgaon, Nampur and Umraan markets. During this time, the farmers stopped the bid being made for about 10 thousand quintal onions. He also tried to stop traffic on many routes including the Mumbai-Agra highway.

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Onion bids started at the Agricultural Produce Marketing Committee (APMC) of Lasalgaon, Asia’s largest onion market, at Rs 2,220 per quintal on Tuesday morning, which angered farmers. Demonstrating farmers said the minimum price of onion was Rs 1,100, maximum Rs 3,209 and average Rs 2,950 per quintal on Monday, which fell to 2,700 hours after deciding to ban export.

In the last one month, the prices of green vegetables have increased by 25 to 100 percent, due to which the burden was increasing on the pockets of the general public. As a result, the central government banned the export of all kinds of onions. However, this decision has gone unpunished to all the onion growers of the country including Maharashtra.

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