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Onion rates spike in B'desh after India export ban - GKPro News Breaking

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Onion rates spike in B'desh after India export ban

Onion prices in Bangladesh jumped by more than 50% on Tuesday, following a ban on exports by largest supplier India after its crop was damaged and harvesting delayed by excessive rain, industry officials told Reuters. The surprise move, which took immediate effect on Monday, could help cut prices in India, but boost prices in Asian nations such as Malaysia, Nepal and Sri Lanka.

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Sep 15, 2020 - 19:00

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Onion prices in Bangladesh jumped by more than 50% on Tuesday, following a ban on exports by largest supplier India after its crop was damaged and harvesting delayed by excessive rain, industry officials told Reuters. The surprise move, which took immediate effect on Monday, could help cut prices in India, but boost prices in Asian nations such as Malaysia, Nepal and Sri Lanka.