Authorities bans onion exports as costs treble in a month


MUMBAI: India on Monday prohibited exports of onion, the federal government stated in a notification, as costs trebled in a month after extreme rainfall hit crops in southern states.
The export of all sorts of onion was prohibited with instant impact, the federal government stated.
India is the world’s greatest exporter of onions, a staple of South Asian cooking. Nations akin to Bangladesh, Nepal, Malaysia and Sri Lanka depend on Indian shipments.
Wholesale costs in India’s largest onion buying and selling hub, Lasalgaon within the western state of Maharashtra, have almost trebled in a month to 30,000 rupees ($408.52) per tonne.
Extreme rainfall within the southern states of Karnataka and Andhra Pradesh has broken summer-sown crop and delayed harvesting in different states, stated Ajit Shah, president of the Mumbai-based Onion Exporters’ Affiliation.