New Delhi: The government of India has imposed ban on onion export with immediate effect in the wake of its rising prices in the country. The commerce and industry ministry on Sunday amended the export policy of onion from free to prohibit.
India exported fresh and chilled onions worth $496.82 million in 2018-19. “Export of all varieties of onions, as described above, is prohibited with immediate effect,” the Directorate General of Foreign Trade said in a notification on Sunday.
The surge in onion prices is said to be due to a depleted supply following months of incessant rainfall and flood like situation in onion-producing states in the country. Last week, retail prices of onion continued to remain high at Rs 70-80 per kg in the national capital Delhi and other parts of the country, despite government measures to boost the supply of onions.