MANCHAR: India may keep a ban on onion exports until February because
domestic prices have risen after the harvest of summer-sown crops, which
were expected to augment supplies, was delayed and damaged by untimely
rains, a Government official said.
The ban on overseas sales by India, the world's biggest exporter of the
bulb, will keep prices elevated in Asia and require importers in Nepal,
Bangladesh and Sri Lanka to find other sources to fulfil their demand.
Despite the export ban enacted in September to keep domestic supply
inside India, prices have surged after rain and floods during October
and November limited onion supply, especially in Maharashtra, the
Country's biggest producer.
"We will think about resuming exports once prices come down.
Right now it is not possible," a senior Government official at the Indian Department of Consumer Affairs said recently.
No comments:
Post a Comment