Almost a month after putting a blanket ban on onion exports, the commerce ministry of India on Friday partially eased the curbs allowing the export of onions with immediate effect.
India exported fresh onions worth USD 328 million and dried onions worth USD 112.3 million in FY20. Exports of onions shot up 158% to Bangladesh in the April-July period, reports Livemint.
The sudden export ban in September had drawn protests from onion farmers as well as countries like Bangladesh and Nepal which heavily depend on Indian onions.
Restriction on onion exports has become an annual affair in India. On 29 September last year, the government had banned exports of onions and imposed countrywide stock limits to bring down prices of onions that had soared ahead of state elections in Maharashtra and Haryana.
The onion exports will be allowed only through Chennai port till March 31, 2021.