Onion Prices: The Indian government has authorized the export of 99,150 metric tons of onions to Bangladesh, UAE, Bhutan, Bahrain, Mauritius, and Sri Lanka. This decision stems from lower estimated Kharif and Rabi crops in 2023-24 compared to the previous year, along with heightened international demand. The National Cooperative Exports Limited (NCEL) will oversee onion exports, sourcing them from domestic producers through competitive e-platforms.
In both lahsun and pyaaz, a real respite to consumers can come only after March, when their rabi crops are harvested. But there are worries even on that front, due to depleting groundwater tables, particularly in Maharashtra and Karnataka.