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Onion Price Sky-Rockets Following India’s Export Ban.

How to make curry?
Editor
03 Oct 2019, 07:49 PM

onion price sky-rockets following india’s export ban.

Whether it’s Pakistani chicken curry, Bangladeshi biryani or Indian sambar, Asian consumers have developed a serious dependence on Indian onion supplies for go-to dishes. Shorter shipment times than from rival exporters like China or Egypt play a crucial role in preserving the taste of the perishable commodity.


Onion prices have gone crazy following India’s export ban on the Asian diet staple.  


Monsoon downpours delayed harvests and supplies have shrivelled. This has caused onion prices to almost double!


Since the ban, some countries such as Bangladesh have turned to the likes of Myanmar, Egypt, Turkey and China to increase supplies in a bid bring prices down, government officials and traders said. However, the demand would be hard to meet without India in the picture.


India exported 2.2 million tonnes of fresh onions in the 2018/19 fiscal year ended March 31, according to data from India’s Agricultural and Processed Food Products Export Development Authority. That’s more than half of all imports by Asian countries, traders estimate.


Malaysia, the second-biggest buyer of Indian onions, expects the ban to be temporary and sees no reason to panic, said Sim Tze Tzin, deputy minister of agriculture.


Be sure to go out and get the onions you need for your curries, especially with the festive season approaching.

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