India to Export 1650 Tonnes of Onion to Bangladesh, To Procure it at Rs 29 Per Kg

New Delhi: India is planning to export 1,650 tonnes of onions to Bangladesh. This onion stock will be procured from private bodies at Rs 29 per kg, reported The Statesman.

It is National Cooperative Export Ltd’s (NCEL) first official plan to export onions from India in over three months. The Government put a ban on exports of onion from December 8 to March 31.

The exact selling price of onions to Bangladesh by NCEL remains undisclosed, the report said.

In the Bangladesh market, onions are currently being sold at Rs 80-90 per kg.

In the first week of March, the Centre permitted the export of 64,400 tonnes of onions to countries that had made formal requests through diplomatic channels.

Of this quota, 50,000 tonnes were allocated to Bangladesh, with the remaining 14,400 tonnes going to the UAE.

India banned the export of onions to check surging domestic prices. It resulted in a increase in the price of onions international prices, especially during Ramadan in Bangladesh, West Asia, and Southeast Asia.

Between April 1, 2023, and August 4, 2023, a total of 975,000 tonnes of onions were exported from India, with Bangladesh, Malaysia, and the UAE emerging as the top importing countries in terms of value.