Metropolis Desk-
Local farmers are encouraged by India’s decision to relax the export prohibition on onions to “offload huge stocks” and obtain a higher price on the global market.
According to local media, the Union Home Minister Amit Shah’s committee of ministers on Sunday authorized the export of 50,000 tons of onions to Bangladesh in addition to the 300,000 tons that were already exported to other nations.
Massive onion supplies in Gujarat and Maharashtra are reportedly one of the reasons for easing the restriction, according to experts cited by the Hindustan Times.
Following production losses due to drought and unfavorable weather, India implemented the restriction in December to regulate prices.
Bangladesh’s costs increased as a result of the prohibition, which was set to last until March 31. The country is partially dependent on supplies from India.
Ministers from Bangladesh and India discussed the matter multiple times.
Earlier this month, during meetings with Indian External Affairs Minister S Jaishankar and Commerce Minister Piyush Gojyal, Foreign Minister Hasan Mahmud brought up the matter.
Mahmud claimed to have pleaded with Jaihsankar to guarantee Bangladesh’s continuous supply of necessities to preserve price stability, particularly during Ramadan.
Additionally, he stated that before Ramadan, which is scheduled to start on March 11, he spoke with Goyal India about the shipping of perishable goods to Bangladesh, such as 50,000 tons of onions and 100,000 tons of sugar.
