Onion export crisis at Ghojadanga border
While the Prime Minister Narendra Modi-led government imposed a ban on onion exports till March 2024 in the run-up to the Lok Sabha polls slated for April-May 2024
While the Prime Minister Narendra Modi-led government imposed a ban on onion exports till March 2024 in the run-up to the Lok Sabha polls slated for April-May 2024
Unseasonal rainfall during November had damaged the onion and tomato crops which led to a shortage of the two commodities in the market and triggered the price rise.
The prices recorded a decline of 5 per cent to 9 per cent from the highest price registered during last week.
The government on Saturday notified minimum export price (MEP) of $800 per metric tonne on onion export with effect from October 29 till December 31, 2023.
According to the Union Consumer Ministry, in places where prices have increased significantly, onions are being removed from the buffer stock in both the wholesale and retail sectors
Spelling relief ahead of Navratri and Diwali festivals, the onion traders on Tuesday morning resumed the auction of the teary vegetable in all the APMCs in the district after calling off their 13-day long strike late on Monday.
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Late Kharif onion arrivals are steady and expected to remain so till the Rabi arrival from March 2022.
Most importantly, the government helmed by Begum Hasina has taken exception to the fact that Bangladesh had not been informed in advance before the ban on the export of onions was imposed.