India banned onion exports; now Asia has eye-watering prices https://ift.tt/2osoO9Y - Walletnews For Me

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Wednesday, October 2, 2019

India banned onion exports; now Asia has eye-watering prices https://ift.tt/2osoO9Y

Since the ban, countries such as Bangladesh have turned to the likes of Myanmar, Egypt, Turkey and China to increase supplies in a bid to bring prices down. There won't be any meaningful drop in prices before summer-sown crops start to hit the market. That's not expected until mid-November, meaning the export ban isn't going away in the near term.
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