On strong overseas demand and higher supplies, India’s onion exports surged 64 per cent in volumes to hit a six-year high at 25.25 lakh tonnes during 2022-23.
In value terms, shipments were up 22 per cent at $561 million over the previous year. Exports rose on higher purchases by large buyers such as Bangladesh, Malaysia, United Arab Emirates and Sri Lanka. Exporters say adequate domestic supplies because of bumper production and robust global demand have pushed up onion shipments this fiscal so far.
Also, since the beginning of 2021, the government has not imposed any ban on onion exports. The extant export policy of onions is free and only the export of onion seed is restricted; that too is permitted under authorisation from DGFT, as per a report.