India banned the export of onions effective December 8 to make the essential kitchen staple cheaper for domestic consumers. This has led to a crash in the price from more than ₹40 a kg to around ₹13 currently in the wholesale market of Nashik, India's main onion-growing region. The ban on exports by the second largest onion producer, which used to ship 40,000-50,000 tonnes of the commodity every week, caused a spike in international prices.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.