Onion prices fall by 15% due to lack of export demand

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Key Points

Though India reversed the export ban on onions 10 days ago, export demand has dried up as Indian onion is more expensive than Pakistan's..

Exporters don't see demand coming for another 15 days as overseas buyers, who have stocked overpriced Pakistani onions when Indian onion was not available..

They had not expected the Indian government to lift the export ban till the general elections were over," said an exporter of onions from Nashik, who claims that the export orders, after spiking for a couple of days, have suddenly dried up..

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