Indian onion exporters are struggling due to political unrest in Bangladesh, their largest market. The recent high export duties and Minimum Export Price (MEP) have significantly reduced India’s share of Bangladesh’s onion imports. Previously, Bangladesh imported 6-7 lakh tonnes of Indian onions annually, but exports have declined since last year’s export ban, despite its lifting. With onions from Pakistan now being cheaper and more competitive, Indian onions are losing ground in the market. Exporters are calling on the Indian government to remove export duties to stabilize prices and regain market share.
5 Major Key Points:
- Political unrest in Bangladesh is impacting Indian onion exports, which used to be a major market.
- High export duties and Minimum Export Price (MEP) have reduced India’s onion export share to Bangladesh.
- Bangladesh had previously imported 6-7 lakh tonnes of Indian onions annually, but exports have declined significantly.
- Onions from Pakistan are now cheaper and more competitive, squeezing out Indian onions from the market.
- Indian exporters are urging the government to lift the export duties to help stabilize prices and recover market share.
