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

India has exported 87,000 tonnes of onion in the January-February period after the ban was lifted in view of good Kharif crop estimates, Agriculture Minister Narendra Singh Tomar on Tuesday said in Parliament.

The government lifted the ban on export with effect from January 1 in view of good prospects of Kharif and late Kharif production estimates, he said in a written reply to the Lok Sabha.

"After the recent lifting of the ban, the export of onion in the months of January and February 2021 has been 56,000 tonnes and 31,000 tonnes respectively, as against monthly average export of 2.18 lakh tonnes prior to the imposition of the ban in September 2020," Tomar said.

The All India average retail prices of onion in December 2020 was Rs 44.33 per kg, whereas during January and February 2021 the prices have been Rs 38.59 per kg and Rs 44.08 per kg, respectively, he added.

In 2019-20, the country exported 11.50 lakh tonne of onion at a value of Rs 2,320.70 crore. The minister said the government has approved the creation of 2 lakh tonne of onion buffer during 2021-22 under the Price Stabilisation Fund (PSF), which would be built by procuring the Rabi crop arriving from March this year.

To check onion prices last year, Tomar said the government had released onion from the buffer stock of 1 lakh tonne created from Rabi-2020 onion in a calibrated manner to moderate prices of the onion since September 2020.

The government had also approved procurement of 1 lakh tonne of onion from the Kharif 2020 crop under the PSF to recoup the buffer for further retail intervention besides banning export in September last year and imposing a stock limit on traders.

To augment domestic availability of onion through import, the government had eased the fumigation and quarantine norms and also accorded approval for procuring and disposal of the imported onion by the National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) at pre-decided ceiling price through the issue of tenders at regular intervals.

"As a result of these measures, onion import came in significant quantities from October onward, and by the end of December 2020 a total of over 65,546 MT was imported," he added.

The price of onion has been on a declining trend from November 2020 and by December, prices in the mandis were reported to be significantly low. Retail price had also declined substantially, the minister added.

India has exported 87,000 tonnes of onion in the January-February period after the ban was lifted in view of good Kharif crop estimates, Agriculture Minister Narendra Singh Tomar on Tuesday said in Parliament.

India has exported 87,000 tonnes of onion in the January-February period after the ban was lifted in view of good Kharif crop estimates, Agriculture Minister Narendra Singh Tomar on Tuesday said in Parliament. The government lifted the ban on export with effect from January 1 in view of good prospects of Kharif and late Kharif production estimates, he said in a written reply to the Lok Sabha. "After the recent lifting of the ban, the export of onion in the months of January and February 2021 has been 56,000 tonnes and 31,000 tonnes respectively, as against monthly average export of 2.18 lakh tonnes prior to the imposition of the ban in September 2020," Tomar said. The All India average retail prices of onion in December 2020 was Rs 44.33 per kg, whereas during January and February 2021 the prices have been Rs 38.59 per kg and Rs 44.08 per kg, respectively, he added. In 2019-20, the country exported 11.50 lakh tonne of onion at a value of Rs 2,320.70 crore. The minister said the government has approved the creation of 2 lakh tonne of onion buffer during 2021-22 under the Price Stabilisation Fund (PSF), which would be built by procuring the Rabi crop arriving from March this year. To check onion prices last year, Tomar said the government had released onion from the buffer stock of 1 lakh tonne created from Rabi-2020 onion in a calibrated manner to moderate prices of the onion since September 2020. The government had also approved procurement of 1 lakh tonne of onion from the Kharif 2020 crop under the PSF to recoup the buffer for further retail intervention besides banning export in September last year and imposing a stock limit on traders. To augment domestic availability of onion through import, the government had eased the fumigation and quarantine norms and also accorded approval for procuring and disposal of the imported onion by the National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) at pre-decided ceiling price through the issue of tenders at regular intervals. "As a result of these measures, onion import came in significant quantities from October onward, and by the end of December 2020 a total of over 65,546 MT was imported," he added. The price of onion has been on a declining trend from November 2020 and by December, prices in the mandis were reported to be significantly low. Retail price had also declined substantially, the minister added.

India exports 87,000 tons of onion in January-February after ban lifted

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

<a href="https://www.wionews.com/india-news/our-ties-will-reach-new-heights-bangladesh-pm-sheikh-hasina-in-delhi-253656">Bangladesh Prime Minister Sheikh Hasina</a> on Friday reacted to India's move to <a href="https://www.wionews.com/business-economy/india-banned-onion-exports-now-asia-has-eye-watering-prices-253269">stop onion exports</a>, saying that after New Delhi's decision she has asked her cook to stop using onions while preparing meals.

"The onion move has created a bit of trouble for us. I don't know why you (India) has stopped onion exports. I have asked my cook not to use onions," Hasina said in New Delhi on Friday.&nbsp;

Earlier in the day she hailed India-Bangladesh bilateral ties and said that she thinks the relations will reach a "new height".

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<a href="https://twitter.com/hashtag/WATCH?src=hash&amp;ref_src=twsrc%5Etfw">#WATCH</a> Bangladesh Prime Minister Sheikh Hasina in Delhi: Pyaaz mein thoda dikkat ho gya hamare liye. Mujhe maloom nahi kyun aapne pyaaz bandh kar diya? Maine cook ko bol diya ab se khana mein pyaaz bandh kardo. (Indian Govt had banned export of Onions on September 29) <a href="https://t.co/NYt4ds9Jt2">pic.twitter.com/NYt4ds9Jt2</a>
— ANI (@ANI) <a href="https://twitter.com/ANI/status/1180025635286200321?ref_src=twsrc%5Etfw">October 4, 2019</a></blockquote>
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PM Hasina is currently on a four-day visit to India. On Saturday the Bangladeshi PM is scheduled to hold talks with Prime Minister Narendra Modi.

India, the world's biggest seller of onions, has banned exports after extended Monsoon downpours delayed harvests and supplies shrivelled.&nbsp;

New Delhi has banned all exports from India after local prices jumped to 4,500 rupees ($63.30) per 100 kilogram, their highest in nearly six years, due to the delay in summer-sown crop arrivals triggered by longer, heavier rains than usual, news agency Reuters reported.&nbsp;

Since the ban, countries such as Bangladesh have turned to the likes of Myanmar, Egypt, Turkey and China to increase supplies in a bid bring prices down, government officials and traders said.

(With inputs from Reuters)

Bangladesh Prime Minister Sheikh Hasina on Friday reacted to India's move to stop onion exports, saying that after New Delhi's decision she has asked her cook to stop using onions while preparing meals.

Bangladesh Prime Minister Sheikh Hasina on Friday reacted to India's move to stop onion exports, saying that after New Delhi's decision she has asked her cook to stop using onions while preparing meals. "The onion move has created a bit of trouble for us. I don't know why you (India) has stopped onion exports. I have asked my cook not to use onions," Hasina said in New Delhi on Friday. Earlier in the day she hailed India-Bangladesh bilateral ties and said that she thinks the relations will reach a "new height". #WATCH Bangladesh Prime Minister Sheikh Hasina in Delhi: Pyaaz mein thoda dikkat ho gya hamare liye. Mujhe maloom nahi kyun aapne pyaaz bandh kar diya? Maine cook ko bol diya ab se khana mein pyaaz bandh kardo. (Indian Govt had banned export of Onions on September 29) pic.twitter.com/NYt4ds9Jt2 — ANI (@ANI) October 4, 2019 × PM Hasina is currently on a four-day visit to India. On Saturday the Bangladeshi PM is scheduled to hold talks with Prime Minister Narendra Modi. India, the world's biggest seller of onions, has banned exports after extended Monsoon downpours delayed harvests and supplies shrivelled. New Delhi has banned all exports from India after local prices jumped to 4,500 rupees ($63.30) per 100 kilogram, their highest in nearly six years, due to the delay in summer-sown crop arrivals triggered by longer, heavier rains than usual, news agency Reuters reported. Since the ban, countries such as Bangladesh have turned to the likes of Myanmar, Egypt, Turkey and China to increase supplies in a bid bring prices down, government officials and traders said. (With inputs from Reuters)

As India stops onion exports, Bangladesh PM says, 'have asked cook not to use pyaaz'

From Kathmandu to Colombo, it's a kitchen nightmare: Onion prices have gone crazy.

That's because India, the world's biggest seller of the Asian diet staple, has banned exports after extended Monsoon downpours delayed harvests and supplies shrivelled. And dedicated buyers across the region, like Nepalese housewife Seema Pokharel, are flummoxed.

"This is a terrible increase," said Pokharel, out shopping for vegetables in Kathmandu. "Onion prices have more than doubled in the last month alone."

Whether it's Pakistani chicken curry, Bangladeshi biryani or Indian sambar, Asian consumers have developed a serious dependence on Indian onion supplies for go-to dishes. Shorter shipment times than from rival exporters like China or Egypt play a crucial role in preserving the taste of the perishable commodity.

But last Sunday New Delhi banned all exports from India after local prices jumped to 4,500 rupees ($63.30) per 100 kg, their highest in nearly six years, due to the delay in summer-sown crop arrivals triggered by longer, heavier rains than usual.

Since the ban, countries such as Bangladesh have turned to the likes of Myanmar, Egypt, Turkey and China to increase supplies in a bid bring prices down, government officials and traders said.

But the hefty volumes lost will be hard to replace.

India exported 2.2 million tonnes of fresh onions in the 2018/19 fiscal year ended March 31, according to data from India's Agricultural and Processed Food Products Export Development Authority. That's more than half of all imports by Asian countries, traders estimate.

'Taking advantage'

Rising prices of alternative supplies will add to the headache for importers trying to get the vegetable from elsewhere, said Mohammad Idris, a trader based in Dhaka. In the Bangladesh capital, consumers are now being asked to pay 120 taka ($1.42) per kilogramme for their prized onions - twice the price a fortnight ago and the highest since December 2013.

"Prices are going up elsewhere in Asia and Europe," said Idris. "Other exporting countries are taking advantage of the Indian ban" to raise their asking price.

In response to the crisis, the government of Bangladesh has initiated sales of subsidised onions through the state-run Trading Corporation of Bangladesh (TCB).

"We are looking for all possible options to import onions. Our target is to import in the shortest possible time," said TCB spokesman Humayun Kabir.

But the shipments from elsewhere - Iran and Turkey are also potential suppliers - that authorities in countries across the region are investigating will all take time.

"It takes one month when it comes from Egypt and about 25 days from China, while it takes only a few days from India," said Dhaka trader Idris.

The need for alternative imports is so severe, though, that countries like Sri Lanka have already placed orders with Egypt and China, said G Rajendran, president of the Essential Food Commodities, Importers and Traders Association.

Onion prices in Sri Lanka have risen by 50% in a week, to 280-300 Sri Lankan rupees ($1.7) per kilogramme.

'Double the price'

For other countries, there may be little option but to sit tight and hope for the best.

Malaysia, the second-biggest buyer of Indian onions, expects the ban to be temporary and sees no reason to panic, said Sim Tze Tzin, deputy minister of agriculture.

But even India has been importing onions from Egypt in an effort to calm prices. And there won't be any meaningful drop in prices before summer-sown crops start to hit the market, said Ajit Shah, president of the Mumbai-based Onion Exporters' Association.

That's not expected until mid-November, meaning the export ban isn't going away in the near term.

"India could resume exports once prices drop, but it will take time," said Shah. "Until India resumes exports, supplies will remain limited in Asia."

For now, consumers like Kathmandu shopper Pokharel are having to change habits across Asia.

"I went to buy 5 kilogrammes of onions for our five-member family but ended up buying only 3 kilogrammes due to higher prices," said Afroza Mimi, a Dhaka housewife on a shopping expedition the day after India imposed the export ban.

"They (traders) are selling old stock nearly at double the price. This is crazy."

From Kathmandu to Colombo, it's a kitchen nightmare: Onion prices have gone crazy. That's because India, the world's biggest seller of the Asian diet staple, has banned exports after extended Monsoon downpours delayed harvests and supplies shrivelled.

From Kathmandu to Colombo, it's a kitchen nightmare: Onion prices have gone crazy. That's because India, the world's biggest seller of the Asian diet staple, has banned exports after extended Monsoon downpours delayed harvests and supplies shrivelled. And dedicated buyers across the region, like Nepalese housewife Seema Pokharel, are flummoxed. "This is a terrible increase," said Pokharel, out shopping for vegetables in Kathmandu. "Onion prices have more than doubled in the last month alone." Whether it's Pakistani chicken curry, Bangladeshi biryani or Indian sambar, Asian consumers have developed a serious dependence on Indian onion supplies for go-to dishes. Shorter shipment times than from rival exporters like China or Egypt play a crucial role in preserving the taste of the perishable commodity. But last Sunday New Delhi banned all exports from India after local prices jumped to 4,500 rupees ($63.30) per 100 kg, their highest in nearly six years, due to the delay in summer-sown crop arrivals triggered by longer, heavier rains than usual. Since the ban, countries such as Bangladesh have turned to the likes of Myanmar, Egypt, Turkey and China to increase supplies in a bid bring prices down, government officials and traders said. But the hefty volumes lost will be hard to replace. India exported 2.2 million tonnes of fresh onions in the 2018/19 fiscal year ended March 31, according to data from India's Agricultural and Processed Food Products Export Development Authority. That's more than half of all imports by Asian countries, traders estimate. 'Taking advantage' Rising prices of alternative supplies will add to the headache for importers trying to get the vegetable from elsewhere, said Mohammad Idris, a trader based in Dhaka. In the Bangladesh capital, consumers are now being asked to pay 120 taka ($1.42) per kilogramme for their prized onions - twice the price a fortnight ago and the highest since December 2013. "Prices are going up elsewhere in Asia and Europe," said Idris. "Other exporting countries are taking advantage of the Indian ban" to raise their asking price. In response to the crisis, the government of Bangladesh has initiated sales of subsidised onions through the state-run Trading Corporation of Bangladesh (TCB). "We are looking for all possible options to import onions. Our target is to import in the shortest possible time," said TCB spokesman Humayun Kabir. But the shipments from elsewhere - Iran and Turkey are also potential suppliers - that authorities in countries across the region are investigating will all take time. "It takes one month when it comes from Egypt and about 25 days from China, while it takes only a few days from India," said Dhaka trader Idris. The need for alternative imports is so severe, though, that countries like Sri Lanka have already placed orders with Egypt and China, said G Rajendran, president of the Essential Food Commodities, Importers and Traders Association. Onion prices in Sri Lanka have risen by 50% in a week, to 280-300 Sri Lankan rupees ($1.7) per kilogramme. 'Double the price' For other countries, there may be little option but to sit tight and hope for the best. Malaysia, the second-biggest buyer of Indian onions, expects the ban to be temporary and sees no reason to panic, said Sim Tze Tzin, deputy minister of agriculture. But even India has been importing onions from Egypt in an effort to calm prices. And there won't be any meaningful drop in prices before summer-sown crops start to hit the market, said Ajit Shah, president of the Mumbai-based Onion Exporters' Association. That's not expected until mid-November, meaning the export ban isn't going away in the near term. "India could resume exports once prices drop, but it will take time," said Shah. "Until India resumes exports, supplies will remain limited in Asia." For now, consumers like Kathmandu shopper Pokharel are having to change habits across Asia. "I went to buy 5 kilogrammes of onions for our five-member family but ended up buying only 3 kilogrammes due to higher prices," said Afroza Mimi, a Dhaka housewife on a shopping expedition the day after India imposed the export ban. "They (traders) are selling old stock nearly at double the price. This is crazy."

India bans onion exports, now Asia has eye-watering prices

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