Pakistan may limit onion exports - how important is this for the region?

According to EastFruit analysts, persistent rumors that Pakistan plans to limit onion exports have not yet been officially confirmed. However, the likelihood of such restrictions, formal or not, remains quite high. And this could have a significant impact on the market because Pakistan is among the top 5-7 global onion exporters in the world, according to EastFruit. With this, Pakistan could join the long list of countries that have imposed bans or restrictions on onion exports in the last 12 months. Among these countries: Egypt, Turkey, Uzbekistan, India, Tajikistan, Kyrgyzstan, Kazakhstan and others. The main reason for possible restrictions on the export of onions from Pakistan is the rising domestic prices for this vegetable, which remains one of the main products in the consumer basket. However, it must be taken into account that, firstly, onion prices are still lower than last year, and secondly, the local currency continues to devalue against the dollar, which affects ...