India has allowed the export of onions in limited quantities to Bangladesh. This permission has been given on the recommendation of the Ministry of Foreign Affairs of the country. Along with Bangladesh, the Modi government has also allowed the export of onions to Sri Lanka, Nepal, Bhutan, Bahrain and Mauritius. However, New Delhi has not yet taken any decision on the complete withdrawal of the ban imposed on onion exports.
On Monday (February 19), the Indian newspaper Economic Times reported in a report that India has officially allowed the export of onions to Bangladesh and some other countries. An Indian official related to the matter said that the export of onions in limited quantities to these countries has been allowed for bilateral purposes. However, the official could not tell the exact amount of onion that has been allowed to be exported.
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Earlier, the Bangladesh government had sent a formal letter to India to allow certain quantities of sugar and onions to reduce onion prices in the country’s market during the holy month of Ramadan. On Sunday (February 18), Bangladesh’s Commerce State Minister Ahsanul Islam Titu told reporters at his secretariat office that one and a half million tons of sugar and onions will be imported from India before fasting. Out of this, 50 thousand metric tons of onions and 1 lakh metric tons of sugar.
He said, we are expecting onion and sugar to come from India. The Foreign Minister was assured about this during his visit to India. Hopefully, we will get a good news by next Monday to Thursday (February 22). How and when to import, I can tell you after approval.
In this regard, India’s ministerial level meeting was supposed to be held on February 14, the state minister for commerce said, as the Indian foreign minister is in Germany, the meeting is getting delayed. Hopefully, they will meet sometime between Monday and Thursday.
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India is the second largest onion exporter in the world market. In December last year, the country’s government imposed a ban on onion exports to stabilize the local market. The country has extended the ban on onion exports till next March for the second phase to control rising prices and ensure adequate supply in the Indian market ahead of national elections.
The country’s government initially imposed a 40 percent tariff on onions to discourage exports. Still, India banned the export of onion completely due to failure of expected results.
Source: Economic Times
SAH
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