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Onion Export banned in India due to the Price Rise


The government has taken a massive step of stopping exports of all the varieties of onion and the major reason for the step is the increasing price of onion in the Indian market. This step will increase the flow of the product in the market and help to reduce the high prices. The hoarding and black marketing is one of the major reasons of the increased price of the product. The problem occurred because of the shortage of onion in the market and the reason behind that is the crop got damaged because of the heavy rain in last one month of monsoon. The traders are increasing the price because the quantity is available in the market is low.

On Sunday Indian government has made this announcement for the restriction of export of onion and with effect from the same day the rule is implemented. The insufficient meet of demand for onion is increased and the prices got doubled within a few days. The new crop will get in the market in next month and hopefully, the prices will shatter.

There are so many policies of the government which affected the growth rate of the country and all the analysis is done on the basis of the data. The Indian export data and IndiaImport data will help to analysis that what is the percentage of the growth of the country also what will be the future demand and supply of the product in the market.

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