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

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.