Indian onion exports to Sri Lanka and Bangladesh hampered

Published 2022년 4월 22일

Tridge summary

The article highlights a significant decrease in onion exports from India to Sri Lanka and Bangladesh, its largest importers, due to Sri Lanka's financial crisis and Bangladesh's efforts to boost local production and control import costs. The exports have dropped from 4,000-5,000 tons per week to 1,500 tons due to payment delays in Sri Lanka and import tax and market price fluctuations in Bangladesh, following a series of Indian export bans that led to steep price increases in the Bangladeshi market.

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Original content

Exports of onions to Sri Lanka and Bangladesh have slowed down due to the current financial crisis in Sri Lanka and measures taken by the Bangladesh government to encourage local production in addition to imposing a tax on imported onions. Bangladesh is the largest importer of onions from India, followed by Sri Lanka. Exporters from Nashik, the country's largest onion growing region, claim that exports to Sri Lanka have decreased due to payment delays. The island nation is in the throes of its most painful economic downturn since independence in 1948, with severe shortages of essential goods and frequent power cuts. According to the exporters, total exports to Sri Lanka and Bangladesh have fallen from 4,000-5,000 tons per week to 1,500 tons per week. Bangladesh, meanwhile, is encouraging local onion cultivation and has also ...

Source: Uiennieuws