Weeks after the imposition of a ban on onion exports, the government is assessing the situation and is likely to reconsider the decision to stem sharp fall in the mandi prices of the vegetable.

“The government may allow exports of onion through cooperatives,” a trade source said. Sources said with the arrivals of kharif harvest as well as imposition of exports ban on December 7 till March 31, 2024, the mandi prices at Lasalgaon, Nasik, Maharashtra, the hub of the country’s wholesale trade has fallen to Rs 1500/quintal on Tuesday from around Rs 3700/quintal prevailed prior to the imposition of shipment ban.

A trader said that onion kharif harvest due to high moisture content cant be stored, the arrivals are increasing thus pulling down the prices. Farmers and traders have been demanding a lifting ban on exports so that prices do not plummet.

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