india enforces ban on onion exports till March 2024
Published on: December 9, 2023.
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India Implements Ban on Onion Exports Until March 2024
In a move that has significant implications for the international onion market, the Indian government has recently imposed a ban on onion exports until March 2024. The Director General of Foreign Trade (DGFT) issued a notification on Thursday, officially amending the export policy for onions from ‘Free’ to ‘Prohibited’. This ban, which went into effect on Friday, comes with specific conditions that must be met for any exceptions to the ban.
Under these new regulations, consignments of onions will only be permitted under three specific conditions. The first condition allows for consignments where the loading of onions onto a ship has already commenced before the issuance of the notification. The second condition applies to consignments where the shipping bill has been filed, vessels have berthed or arrived, and are anchored in Indian ports specifically for the purpose of loading onions. These consignments must also have been assigned a rotation number before the notification. The third condition pertains to consignments where onions have been handed over to Customs or entered the Customs Station for exportation prior to the notification. These consignments must also have verifiable evidence of the date and time stamping.
It is important to note that these conditions only apply to consignments that fall within the specified time frame. According to the notification, the period for export under these conditions will conclude on January 5, 2024.
This ban on onion exports from India is expected to have a significant impact on global onion markets, as India is one of the largest exporters of onions in the world. The decision to implement this ban is a response to the rising onion prices within the country. By restricting exports, the Indian government hopes to stabilize prices and ensure an adequate supply of onions for domestic consumption.
For more information on the onion export ban and updates on the onion market, please visit [Source](https://english.khabarhub.com).
