The recent ban on onion exports by India, the world's largest onion exporter, has created a ripple effect across Asia, causing a surge in prices and forcing countries to seek alternative sources. &nbsp;

Implemented on December 8 due to a significant domestic price hike, the ban has impacted traditional buyers such as Bangladesh, Malaysia, Nepal, and the United Arab Emirates. As India grapples with soaring onion prices, Asian consumers are facing the challenge of higher costs and limited alternatives.&nbsp;

For Asian consumers, especially in countries like Bangladesh, where onions are a culinary staple, the sudden spike in prices is proving difficult to cope with. &nbsp;

Reuters cited Mousumi Akhtar, a Dhaka resident who expressed the impact, stating, "Onions are needed for almost everything we cook. This sudden price hike is tough to swallow. I've had to cut back on how much I buy." &nbsp;

The dependence on Indian onions for various regional dishes, from Malaysian belacan shrimp paste to Nepali chicken chillies, has led to a serious setback as India's ban disrupts the supply chain.&nbsp;

Traders estimate that India contributes over half of all onion imports by Asian countries, emphasising its pivotal role in meeting the demand for this essential ingredient. The ban, has prompted importing nations like Bangladesh to explore alternative sources such as China, Egypt, and Turkey to overcome shortages. Bangladesh, anticipating general elections, has even initiated the sale of subsidised onions to mitigate the impact of the 50 per cent surge in prices caused by India's ban.&nbsp;

Nepal, heavily reliant on onion imports, faces a particularly challenging situation. Tirtharaj Chiluwal from Nepal's commerce ministry highlighted the scarcity. "Since the ban by India, we have monitored the supply situation at different places. There are no onions on sale," Reuters quoted him as saying.&nbsp;

Nepal is considering imports from China and may seek an exception from India to resume exports, according to ministry spokesperson Gajendra Kumar Thakur.&nbsp;

The ban has prompted importing nations to turn to more expensive alternatives from China, Iran, Pakistan, and Turkey, leading to a hike in prices. &nbsp;

Ajit Shah, an Indian exporter, emphasised the significance of India's role in maintaining its global market position. He suggested that India, with an abundant domestic supply, should reconsider the ban to stabilise prices. &nbsp;

However, the likelihood of lifting the ban before next year's general elections appears slim, given the Indian government's priority to curb food prices.&nbsp;

(With inputs from Reuters)&nbsp;

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The recent ban on onion exports by India, the world's largest onion exporter, has created a ripple effect across Asia, causing a surge in prices and forcing countries to seek alternative sources.

The recent ban on onion exports by India, the world's largest onion exporter, has created a ripple effect across Asia, causing a surge in prices and forcing countries to seek alternative sources. Implemented on December 8 due to a significant domestic price hike, the ban has impacted traditional buyers such as Bangladesh, Malaysia, Nepal, and the United Arab Emirates. As India grapples with soaring onion prices, Asian consumers are facing the challenge of higher costs and limited alternatives. For Asian consumers, especially in countries like Bangladesh, where onions are a culinary staple, the sudden spike in prices is proving difficult to cope with. Reuters cited Mousumi Akhtar, a Dhaka resident who expressed the impact, stating, "Onions are needed for almost everything we cook. This sudden price hike is tough to swallow. I've had to cut back on how much I buy." The dependence on Indian onions for various regional dishes, from Malaysian belacan shrimp paste to Nepali chicken chillies, has led to a serious setback as India's ban disrupts the supply chain. Traders estimate that India contributes over half of all onion imports by Asian countries, emphasising its pivotal role in meeting the demand for this essential ingredient. The ban, has prompted importing nations like Bangladesh to explore alternative sources such as China, Egypt, and Turkey to overcome shortages. Bangladesh, anticipating general elections, has even initiated the sale of subsidised onions to mitigate the impact of the 50 per cent surge in prices caused by India's ban. Nepal, heavily reliant on onion imports, faces a particularly challenging situation. Tirtharaj Chiluwal from Nepal's commerce ministry highlighted the scarcity. "Since the ban by India, we have monitored the supply situation at different places. There are no onions on sale," Reuters quoted him as saying. Nepal is considering imports from China and may seek an exception from India to resume exports, according to ministry spokesperson Gajendra Kumar Thakur. The ban has prompted importing nations to turn to more expensive alternatives from China, Iran, Pakistan, and Turkey, leading to a hike in prices. Ajit Shah, an Indian exporter, emphasised the significance of India's role in maintaining its global market position. He suggested that India, with an abundant domestic supply, should reconsider the ban to stabilise prices. However, the likelihood of lifting the ban before next year's general elections appears slim, given the Indian government's priority to curb food prices. (With inputs from Reuters) WATCH WION LIVE HERE

India's onion export ban sends shockwaves across Asia. Here's why

As India introduced a 40 per cent export tax to combat higher onion prices, analysts have said that New Delhi's protective measure to control the retail prices of this staple food item will lead to an increase in prices in the countries where onion is imported from India.

The newly announced tax, effective until December 31, is aimed at stabilising domestic supply and curbing inflation, according to the Ministry of Finance.

Retail prices for onions in India have surged around 20 per cent year-on-year.

The heavy rainfall in July 2023 across critical onion-producing regions like Maharashtra and Karnataka led to damage in stored onion crops, according to Pushan Sharma, director of research at CRISIL Market Intelligence and Analytics, a subsidiary of S&amp;P Global, CNBC reported.

India's July inflation reached a 15-month peak of 7.44per cent&nbsp;primarily due to higher domestic food costs.

The world's fifth-largest economy&nbsp;currently grapples with higher prices of vegetables, fruits, and grains, with tomatoes seeing a more than 300 per cent surge due to unfavourable weather.

The Indian government also suspended non-basmati white rice exports in July to ensure ample domestic supplies.

<h2>India's export control on onions: Which countries will be impacted?</h2>

The export taxes will result in increased onion prices for Bangladesh, Malaysia, Sri Lanka, and parts of West Asia, as these countries rely on India for their onion supply.

India is the world's primary onion exporter, contributing over 12 per cent to the global onion trade, according to the&nbsp;data from CRISIL cited by CNBC.

Also read |&nbsp;Onion price hike: India imposes 40% duty on onion exports

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This price hike, however, is likely to be short-lived, lasting until October when more onion crops enter the market.

Onions hold a significant role in India's cuisine.

They, along with tomatoes and potatoes, are vital components of the country's Consumer Price Index (CPI) basket.

India had previously banned onion exports in 2019 due to reduced harvests caused by excessive rainfall.

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As India introduced a 40 per cent export tax to combat higher onion prices, analysts have said that New Delhi's protective measure to control the retail prices of this staple food item will lead to an increase in prices in the countries where onion is imported from India.

As India introduced a 40 per cent export tax to combat higher onion prices, analysts have said that New Delhi's protective measure to control the retail prices of this staple food item will lead to an increase in prices in the countries where onion is imported from India. The newly announced tax, effective until December 31, is aimed at stabilising domestic supply and curbing inflation, according to the Ministry of Finance. Retail prices for onions in India have surged around 20 per cent year-on-year. The heavy rainfall in July 2023 across critical onion-producing regions like Maharashtra and Karnataka led to damage in stored onion crops, according to Pushan Sharma, director of research at CRISIL Market Intelligence and Analytics, a subsidiary of S&P Global, CNBC reported. India's July inflation reached a 15-month peak of 7.44per cent primarily due to higher domestic food costs. The world's fifth-largest economy currently grapples with higher prices of vegetables, fruits, and grains, with tomatoes seeing a more than 300 per cent surge due to unfavourable weather. The Indian government also suspended non-basmati white rice exports in July to ensure ample domestic supplies. India's export control on onions: Which countries will be impacted? The export taxes will result in increased onion prices for Bangladesh, Malaysia, Sri Lanka, and parts of West Asia, as these countries rely on India for their onion supply. India is the world's primary onion exporter, contributing over 12 per cent to the global onion trade, according to the data from CRISIL cited by CNBC. Also read | Onion price hike: India imposes 40% duty on onion exports × This price hike, however, is likely to be short-lived, lasting until October when more onion crops enter the market. Onions hold a significant role in India's cuisine. They, along with tomatoes and potatoes, are vital components of the country's Consumer Price Index (CPI) basket. India had previously banned onion exports in 2019 due to reduced harvests caused by excessive rainfall. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

India's export tax on onions may lead to price hike in global markets

A day after India stopped onion export to Bangladesh, the prices in the country shot up over 50 per cent despite government assurances of adequate supply being currently available.

<a href="https://www.wionews.com/india-news/bangladesh-to-export-1450-tonnes-of-padma-hilsa-to-india-as-durga-puja-gift-327660">Also Read:&nbsp;Bangladesh to export 1,450 tonnes of Padma hilsa to India as Durga Puja gift</a>

Onion which is part of staple diet in the Indian subcontinent witnessed a surge in prices in Bangladesh as it shot up to 30-50 taka per kg which is nearly three times the price of the root vegetable. In Bangladesh's retail market it shot up to 120 taka per kg which was normally selling at 80-85 taka.

India had decided to ban the export of onions to Bangladesh after the crop was damaged and harvesting was delayed due to excessive rain.

The prices of imported onion in Bangladesh was 50-55 taka per kg but it began selling at 90 taka per kg after India decided to pull out.

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According to the country's department of agriculture, the total yearly demand for onion in Bangladesh is 25 lakh tonnes and the country's production was 25.57 lakh tonnes last year. However, large quantity of onion gets spoilt since it is a perishable item.

In order to make up for the deficit, Bangladesh turns to India. Bangladesh's state minister for foreign affairs M Shahriar Alam said that Dhaka has requested New Delhi to withdraw the ban imposed on onion export and expects a "positive response" soon.

Meanwhile, Bangladesh has turned to other countries to address the shortfall with consignments reportedly from Turkey and Egypt set to reach Chittagong port early next month even as the government acknowledged that it could face a "little problem next month", however it added that alternate sources of onion and pressure on unscrupulous traders would help to ease the burden on the onion crisis facing the country.

A day after India stopped onion export to Bangladesh, the prices in the country shot up over 50 per cent despite government assurances of adequate supply being currently available.

A day after India stopped onion export to Bangladesh, the prices in the country shot up over 50 per cent despite government assurances of adequate supply being currently available. Also Read: Bangladesh to export 1,450 tonnes of Padma hilsa to India as Durga Puja gift Onion which is part of staple diet in the Indian subcontinent witnessed a surge in prices in Bangladesh as it shot up to 30-50 taka per kg which is nearly three times the price of the root vegetable. In Bangladesh's retail market it shot up to 120 taka per kg which was normally selling at 80-85 taka. India had decided to ban the export of onions to Bangladesh after the crop was damaged and harvesting was delayed due to excessive rain. The prices of imported onion in Bangladesh was 50-55 taka per kg but it began selling at 90 taka per kg after India decided to pull out. × According to the country's department of agriculture, the total yearly demand for onion in Bangladesh is 25 lakh tonnes and the country's production was 25.57 lakh tonnes last year. However, large quantity of onion gets spoilt since it is a perishable item. In order to make up for the deficit, Bangladesh turns to India. Bangladesh's state minister for foreign affairs M Shahriar Alam said that Dhaka has requested New Delhi to withdraw the ban imposed on onion export and expects a "positive response" soon. Meanwhile, Bangladesh has turned to other countries to address the shortfall with consignments reportedly from Turkey and Egypt set to reach Chittagong port early next month even as the government acknowledged that it could face a "little problem next month", however it added that alternate sources of onion and pressure on unscrupulous traders would help to ease the burden on the onion crisis facing the country.

Onion prices shoot up in Bangladesh after India announces export ban

India may keep a <a href="https://www.wionews.com/.../india-banned-onion-exports-now-asia-has-eye- watering-prices-253269">ban on onion exports</a> until February because domestic prices have risen after the harvest of summer-sown crops, which were expected to augment supplies, was delayed and damaged by untimely rains, a government official said.

The ban on overseas sales by India, the world's biggest exporter of the bulb, will keep prices elevated in Asia and require importers in Nepal, Bangladesh and Sri Lanka to find other sources to fulfil their demand.

Despite the export ban enacted in September to keep domestic supply inside India, prices have surged after rain and floods during October and November limited onion supply, especially in Maharashtra, the country's biggest producer.

Wholesale onion prices are about 40 rupees (55 cents) per kg, down slightly from 55 rupees earlier this month, the highest in six years, according to data compiled by the state-run National Horticultural Research and Development Foundation.

"We will think about resuming exports once prices come down. Right now it is not possible," a senior government official at the Department of Consumer Affairs said on Monday.

"From January onwards supplies are expected to rise meaningfully. Once prices come down to a comfortable level, say below 20 rupees (per kg), then we can allow exports," he said, asking to remain unidentified because he is not authorized to speak to the media.

A spokeswoman for&nbsp;Ministry of Commerce, which enacted the ban at the request of the Consumer Affairs department, did not immediately respond to an email requesting comment on how long the export ban would last.

Onion growers and government officials expected the ban would be lifted by the middle of November anticipating higher supplies from the summer crop.

Sakharam Darekar, a 79-year-old farmer from the village of Ghodegaon, 180 km (108 miles) east of Mumbai, said that last month's heavy rainfall left fields waterlogged for several days and damaged the onion crop on his 2-acre (0.8 hectares) plot that was ready for harvesting.

The rains have also delayed planting of the winter-sown crop by damaging seedlings in nurseries.

"I want to plant onion but seedlings are not available," said Dinesh Khairnar, a farmer in the Nashik district of Maharashtra.

Since India's ban, onion prices have spiralled in Asia and forcing leading buyers such as Bangladesh and Sri Lanka to source the crop from Myanmar, Egypt, Turkey and China. But the hefty volumes lost will be hard to replace as India exports more than 2 million tonnes onions per year.

"China or Egypt cannot replace the entire Indian supplies. Asian buyers are waiting for Indian supplies," said a Mumbai-based exporter.

India may keep a ban on onion exports until February because domestic prices have risen after the harvest of summer-sown crops, which were expected to augment supplies, was delayed and damaged by untimely rains, a government official said.

India may keep a ban on onion exports until February because domestic prices have risen after the harvest of summer-sown crops, which were expected to augment supplies, was delayed and damaged by untimely rains, a government official said. The ban on overseas sales by India, the world's biggest exporter of the bulb, will keep prices elevated in Asia and require importers in Nepal, Bangladesh and Sri Lanka to find other sources to fulfil their demand. Despite the export ban enacted in September to keep domestic supply inside India, prices have surged after rain and floods during October and November limited onion supply, especially in Maharashtra, the country's biggest producer. Wholesale onion prices are about 40 rupees (55 cents) per kg, down slightly from 55 rupees earlier this month, the highest in six years, according to data compiled by the state-run National Horticultural Research and Development Foundation. "We will think about resuming exports once prices come down. Right now it is not possible," a senior government official at the Department of Consumer Affairs said on Monday. "From January onwards supplies are expected to rise meaningfully. Once prices come down to a comfortable level, say below 20 rupees (per kg), then we can allow exports," he said, asking to remain unidentified because he is not authorized to speak to the media. A spokeswoman for Ministry of Commerce, which enacted the ban at the request of the Consumer Affairs department, did not immediately respond to an email requesting comment on how long the export ban would last. Onion growers and government officials expected the ban would be lifted by the middle of November anticipating higher supplies from the summer crop. Sakharam Darekar, a 79-year-old farmer from the village of Ghodegaon, 180 km (108 miles) east of Mumbai, said that last month's heavy rainfall left fields waterlogged for several days and damaged the onion crop on his 2-acre (0.8 hectares) plot that was ready for harvesting. The rains have also delayed planting of the winter-sown crop by damaging seedlings in nurseries. "I want to plant onion but seedlings are not available," said Dinesh Khairnar, a farmer in the Nashik district of Maharashtra. Since India's ban, onion prices have spiralled in Asia and forcing leading buyers such as Bangladesh and Sri Lanka to source the crop from Myanmar, Egypt, Turkey and China. But the hefty volumes lost will be hard to replace as India exports more than 2 million tonnes onions per year. "China or Egypt cannot replace the entire Indian supplies. Asian buyers are waiting for Indian supplies," said a Mumbai-based exporter.

India may extend onion export ban to February to cap domestic prices

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India's onion export ban sends shockwaves across Asia. Here's why

India's export tax on onions may lead to price hike in global markets

Onion prices shoot up in Bangladesh after India announces export ban

India may extend onion export ban to February to cap domestic prices