India bans onion exports after monsoon rains damage crops and prices soar

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India bans onion exports after monsoon rains damage crops and prices soar
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The ban took effect on Sunday and will last 'till further orders,' according to a government notice.

India banned the exports of onions after excessive rainfall damaged crops and reduced harvest, which sent prices soaring domestically.India is one of the top exporters of onions globally, selling 2.2 billion kilograms — worth around $514.3 million — of fresh and chilled version of the vegetable overseas during the 2018 calendar year, according to official trade data.

India is one of the top exporters of onions globally. During the 2018 calendar year, the country sold 2.2 billion kilograms — worth around $514.3 million — of fresh and chilled onions overseas, according to official trade data. But onion exports accounted for just 0.16% of the country's overall exports last year, the data showed.

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