Analysis

Indian Onion Prices Plummeted by 43.39% MoM in W5 Amidst Export Ban and Unseasonal Weather

Vegetables
Fresh Onion
India
Market & Price Trends
Published Feb 2, 2024
Fresh onion prices in Jharsuguda, Odisha, India, dropped by 43.39% MoM in W5, despite a consistent upward trend since Dec-23. The decline was triggered by panic selling by farmers due to a government-imposed ban on onion exports since December 7, leading to a surplus in the domestic market. Growers face increased losses due to unseasonal weather and export restrictions, expressing dissatisfaction and threatening action if the ban isn't lifted.
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