India indefinitely extends onion export ban, potentially affecting overseas markets.
India has extended its ban on onion exports indefinitely, surprising traders and potentially escalating prices in some overseas markets. The ban, initially set to expire on 31 March, comes despite local onion prices falling and the new season's crop providing fresh supplies. The decision is expected to impact countries such as Bangladesh, Malaysia, Nepal, and the United Arab Emirates, which rely on imports from India.
March 23, 2024
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