Indian onion export ban offers opportunities for Chinese onion exporters

The prices of Indian onions can no longer be controlled. How come prices have risen so much? The onion is an essential product in Indian cuisine. The onion price normally follows the relationship between supply and demand. That is why the price is now rising, because due to floods and drought there is a strongly reduced onion harvest in India. The price is now higher than 2.40 € / kg. The Indian government has therefore imposed an export ban on onions to keep the supply on the domestic market as large as possible. This Indian onion export ban has virtually no effect on the price of Chinese onions, because the onion is not an essential product in Chinese cuisine and the demand for onions on the Chinese market is limited. China also exports onions itself. The country exports large quantities of onions to Korea, Pakistan and Bangladesh. Especially the diet in Pakistan and Bangladesh is similar to that of India, they have a high demand for onions. Last ...