The Government of India has decided to remove the ban on onion exports. The Center has issued an order on Monday, allowing export of all kinds of onion varieties from January 1. Significantly, on 14 September 2020, onion exports were banned by the government.
At that time, onion prices had skyrocketed due to a huge difference in demand and supply. In major onion-producing states like Maharashtra, the onion crop was severely damaged due to rains and floods.
The government took this decision to increase the availability of onions in the country and to control the ever-increasing price in the domestic market. Along with this, the ban on export of two varieties of onion ‘Bangalore Rose’ and ‘Krishnapuram Onion’ will also be removed from January 1.
The government had banned the export of these two varieties of onions in a notification issued on October 9, 2020.
Nidhi Malviya is fun loving girl. She writes at NoobFeeds about various topics related to Finance, Technology, Business etc.