India bans onion exports till March 2024 ; GovtÂ
India bans onion exports till March 2024 ; Govt
By: Pune Pulse
December 8, 2023
Pune: The government has implemented a prohibition on onion exports until March next year to enhance domestic supply and maintain price stability.
The Directorate General of Foreign Trade has issued a notification stating that the export policy for onions has been revised from unrestricted to prohibited until March 31, 2024.
The prices of onions experienced a significant increase in October. In the capital city, the prices began to rise gradually from October 25, starting at Rs 40 per kg, and eventually reaching Rs 80 per kg on October 29, effectively doubling in just a few days.
The notification will come into effect on Friday. The export can happen only on three condition :Â
i. where loading of onions on the ship has commenced before this notification;
ii. where the shipping bill is filed and vessels have already berthed or arrived and anchored in Indian ports for loading of onion and their rotation number has been allocated before this Notification; The approval of loading in such vessels will be issued only after confirmation by the concerned Port Authorities regarding anchoring/berthing of the ship for loading of onions prior to the Notification;
and
iii. where consignments of onions has been handed over to the Customs before this Notification and is registered in their system / where consignments onions has entered the Customs Station for exportation before this Notification and is registered in the electronic systems of the concerned Custodian of the Customs Station with verifiable evidence of date and time stamping of these commodities having entered the Customs Station prior to issuance of this Notification. The period of export shall be up to 5th January, 2024.
Earlier this week, there was a ban on production of ethanol too. The Centre asked all sugar mills and distilleries not to use sugar cane juice or sugar syrup for producing ethanol with immediate effect in ethanol supply year (ESY) 2023-24 (November-December). The government also banned the export of Wheat and non Basmati white rice.
