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Traders involved in onion exports to West Bengal are very busy after the Indian government imposed a ban on onion exports from the country. Their fear is that this decision will cost them a lot of money.
Onions are also exported from India to Pakistan, Malaysia and Sri Lanka, but the largest market for Indian onions is Bangladesh. Hundreds of trucks loaded with onions have been stranded at various land ports on the Indo-Bangladesh border in West Bengal after the Indian government imposed a ban on Monday.
“About a thousand metric tons of onions are stuck in and out of land ports. Many of them obtained clearance to enter Bangladesh from the truck customs department. But they were detained at the last minute, said Mihir Ghosh, an exporter at the Ghojadanga land port in North 24 Parganas.
According to him, 100 truckloads of onions are trapped in Petrapole and 150 in Maldar Mahadipur.
If we cannot export this onion, we will lose a lot. Mihir Babu said that if the truck gets stuck at the border indefinitely, the onion will be damaged and we will lose a large amount.
He said the Indian government had put traders in danger by suddenly imposing the ban. Some traders involved in bilateral trade with Bangladesh have said that the ban could affect relations between India and Bangladesh.
Kartik Chakraborty, secretary of the Petrapole Clearing Agents Association, said that the decision to ban onion exports from India at a time when the Bangladeshi government allowed hilsa exports was truly unfortunate.
According to one source, onion prices in India soared after August rains in Maharashtra, western India, damaged onion yields.
According to the source, the price per kg has increased from Rs 20-25 to Rs 35-40. This decision is due to the fact that if the export is stopped, the price may go down. However, the idea is that the Indian government will allow exports in a few days by setting a minimum price for exports to Bangladesh.
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