The government of India has removed the minimum export condition on onion exports with immediate effect, as per a notification issued on Friday.
In May 2024, the Modi-led government had lifted the ban on onion exports but imposed minimum export price at $550 per tonne.
India鈥檚 onion exports in June are estimated to have plunged by more than 50 per cent as the minimum export price of $550 per tonne and an export duty of 40 per cent combined to make Indian onions more expensive than the competition, exporters told Indian newspapers.
Till July 31, 2024, a total of 2.60 lakh tonnes of onion had been exported in the current financial year 2024-25.
India exported 17.17 lakh tonnes of onions in the 2023-24 financial year.
Bangladesh, Bhutan, Bahrain, Mauritius and the United Arab Emirates are the major importers of Indian onion.
However, Bangladesh is importing onion from China and Pakistan after India imposed minimum export price.
