Onion price rise: Why the central govt banned export of onion : News Reel: Business Today
Business Today
Loading...
 

Onion price rise: Why the central govt banned export of onion

BusinessToday.In | September 19, 2020

In a notification, the Directorate General of Foreign Trade said earlier this week, that export of onions in forms other than cut, sliced or powder had been banned. Heavy rains in August washed out most of the onion crop in Karnataka that was almost ready to hit markets in September, which led to dwindling supply but rising demand. Other countries including Sri Lanka and Bangladesh's year-round demand has also added to the pressure. Watch the video for more.



    More from this section