India extends onion export ban till further orders
Fresh Onion
Vegetables
India
Regulation & Compliances
Market & Price Trends
Published Mar 24, 2024
Tridge summary
The Indian government has extended its ban on onion exports indefinitely, as per the Directorate General of Foreign Trade. Initially set to end on March 31, 2024, the ban is a measure to control rising domestic onion prices. Despite the ban, India exported onions worth $431.78 million in April-January FY24, primarily to Bangladesh and Sri Lanka. The government had also permitted the export of 50,000 tonnes of onions to Bangladesh and 14,400 tonnes to the UAE earlier this month based on specific requests.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
New Delhi: India has extended the export ban on onion till further orders, the government said. Earlier, onion exports were prohibited till March 31 this year.“Export prohibition on export of onions valid till 31st March 2024, is extended until further orders,” the Directorate General of Foreign Trade (DGFT) said in a notification.India exported onions worth $431.78 million in April-January FY24 with $187.5 million shipped to Bangladesh and $48.12 million to Sri Lanka.In December last year, the government prohibited the export of onions. till March 31, 2024 but allowed their shipments based on permission granted by the central government to other countries on the request of other countries.Earlier this month, the government had permitted the export of 50,000 tonnes of onions to Bangladesh and 14,400 tonnes to the UAE. through the National Cooperative Exports Limited.To check the soaring price of onion, the ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.