India has extended its ban on onion exports indefinitely

Published 2024년 3월 29일

Tridge summary

India's onion production has seen a 15% decrease this year due to the impacts of climate change, prompting the country to continue its export ban to stabilize domestic prices. This decision has led to a surge in international onion prices and an increase in the smuggling of Indian onions. The export ban has significantly affected countries dependent on Indian onions, notably Bangladesh, which is experiencing a sharp price increase. In response to the shortage, nations like Pakistan and Malaysia are taking steps to boost their local onion production, and the Philippines is focusing on improving the quality of its onions to meet market demands.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Data released by the Ministry of Agriculture and Farmers Welfare of India show that onion production in India has dropped by 15% this year, to about 25.47 million tons. Climate change is the main reason for the decline in onion production in India. Insufficient rainfall in many producing areas has led to a decline in production. Since onions are the most important factor in India, especially in India As one of the vegetables most consumed by low-income groups, onions have a significant impact on inflation and voter sentiment. The Indian government announced on the evening of March 22 that in order to lower domestic onion prices, the onion export ban implemented in December last year will continue. Effective until further notice. The ban was originally scheduled to expire at the end of March. Since its implementation, local onion prices in India have dropped by more than half, and there will still be fresh harvests to supply the local market. Maharashtra is the largest onion ...
Source: Guojiguoshu

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