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India Bans Onion Exports Until March 31, 2024

India Has Imposed A Ban On Exports Of Onions Or Bulb Onions (Allium Cepa) Until March 31, 2024, According To A Government Order Issued Late On Thursday. India Had Previously Imposed A Minimum Export Price Of $800 Per Metric Ton, Until Dec. 31, 2023, To Discourage Exports, In An Effort To Curb Surging Local Prices. Previously In August, India Had Imposed A 40% Export Duty On Onions Up To December 31. Between April 1 And August 4 Of This Fiscal, India Exported 9.75 Lakh Tonnes Of Onions. This High Health Benefits Vegetable Onion Export Ban Hits Neighbouring Countries, Steep Price Hikes. Markets In Bangladesh, Nepal, Bhutan, Sri Lanka, And The Maldives Have Reported A Surge In Onion Prices In The Wake Of The Indian Ban On Export Of The Vegetables. Now, India's Retail Inflation In November Rose At Its Fastest Pace In Three Months Due To Higher Food Prices, Strengthening Expectations That The Central Bank Will Not Ease Interest Rates Anytime Soon. This Photo Was Taken At Tehatta, West Bengal, India On 13/12/2023. (Photo by Soumyabrata Roy/NurPhoto)

Photo Details

Photo ID	#10848399
Date Taken	13 December 2023
Location	N/A
Photographer	Soumyabrata Roy/NurPhoto
Category	Human Interest
Copyright	© 2026 NurPhoto - Soumyabrata Roy/NurPhoto

Related Keywords

NurPhoto General news India Onion export ban Allium cepa Government order Minimum export price $800 per metric ton December 31 2023 Export discouragement Local price surge 40% export duty Fiscal exports 9.75 lakh tonnes Health benefits Vegetable Neighbouring countries Price hikes Bangladesh Nepal Bhutan Sri Lanka Maldives Market surge Retail inflation November Food prices Central Bank Interest rates Tehatta West Bengal Soumyabrata Roy NurPhoto March 31 2024 Export duty Economic impact Trade restrictions Agricultural policy Food security Inflation control International trade Regional economy Supply chain

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