Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: The Indian government on Monday prohibited the export of all varieties of onion except those cut, sliced or broken in powder form amid a shortage in supply due to heavy rainfall and floods.
“The export of all varieties of onion is prohibited with immediate effect,” the Directorate General of Foreign Trade (DGFT) said in a notification.
The decision is likely to affect export of Indian onion to Nepal. Nepal largely relies with India on onion.
“Rates have increased and there is shortage of onion in the domestic market. While this shortage is seasonal, a huge amount of exports were done in the last few months during the Covid-19 pandemic,” the Economic Times reported.
The Economic Times
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