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Indian onion import shut, prices surged 3 times in Maldives

Mohammad Mahamudul, from Maldives || risingbd.com

Published: 18:48, 10 December 2023   Update: 19:10, 10 December 2023
Indian onion import shut, prices surged 3 times in Maldives

The Indian government has imposed a restriction on the export of onion till March next year, affecting the markets of Maldives. Onion prices have increased almost three times due to low supply in the country. In just a few days, the price of onion per sack has increased by 900 Maldivian MVR. It has become very difficult to get onion in the local market.

India is the largest onion importing country in Maldives. However, India has banned the export of onion to any country till the end of March next year without the consent of any country.

Talking to some wholesalers in Male markets, it is learnt that it is being very difficult for them to get onions. It is reported that the amount of onion stock in the market has also decreased.

In some wholesale markets, onions were being sold at 500 Maldivian MVR to 900 Maldivian MVR per sack which was between 200 Maldivian MVR and 350 Maldivian MVR before the sharp rise in the prices of onions. Now it is clear that the price is three times higher than before.