Onion - Последние новости | |
EastFruit analysts draw attention to another extension of the ban on onion exports, recently announced by the Indian government. The previous onion export ban was introduced in December 2023 and was valid until March 31, 2024, but it has now been extended for an indefinite period, according to EastFruit. asiaplustj.info »
EastFruit notes that fresh onions are a product with a completely inelastic level of demand. In other words, if onion prices rise, its consumption does not decrease much, because there is absolutely nothing to replace onions in recipes with. asiaplustj.info »
Shavkat Bobozoda, Director of the Export Development Agency under the government of Tajikistan, says onion price hike has resulted from unfavorable weather conditions. “Price for onion depends on weather conditions and onion exports and export of onions has nothing to do with it,” Bobozoda said. asiaplustj.info »