India sets curbs on onion exports as prices surge

November 23, 20171.6K views0 comments

India set a minimum price of $850 per tonne for an overseas sale of onions, a government order said on Thursday, as the price of the politically-sensitive vegetable surged to its highest in two years in the local market.

Traders cannot export onions below $850 per tonne until the end of 2017, the order said.

Average prices at Lasalgaon, India’s largest wholesale onion market in the western state of Maharashtra, rose to 3,211 rupees ($49.62) per 100 kg last week, the highest in two years.

“Exports are not possible at $850. Egypt and Pakistan are selling at much lower level,” said a Mumbai-based exporter, who declined to be named.

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The Indian curbs on exports could lift prices in key importing countries like Bangladesh, Malaysia, the United Arab Emirates and Sri Lanka, traders said.

Date	Currency	Buy(₦)	Sell(₦)
09/08/2019	Dollar	358	360
09/08/2019	Euro	392	396
09/08/2019	Pound	444	450
08/08/2019	Dollar	358	360
08/08/2019	Euro	392	396
08/08/2019	Pound	444	450
11/8/2018	Dollar	357	360
11/8/2018	Euro	403	406
11/8/2018	Pound	467	472
02/5/2018	Dollar	360	362
02/5/2018	Euro	440	443
02/5/2018	Pound	500	505
03/5/2018	Dollar	360	362
03/5/2018	Euro	440	443
03/5/2018	Pound	500	505
03/8/2018	Dollar	357	360
03/8/2018	Euro	412	418
03/8/2018	Pound	470	478
4/4/2018	Dollar	360	362
4/4/2018	Euro	442	444
4/4/2018	Pound	503	506
04/5/2018	Dollar	360	363
04/5/2018	Euro	436	442
04/5/2018	Pound	498	502
4/6/2018	Dollar	361	363
4/6/2018	Euro	418	420
4/6/2018	Pound	484	487
5/4/2018	Dollar	360	362
5/4/2018	Euro	442	443
5/4/2018	Pound	503	506
5/6/2018	Dollar	361	363
5/6/2018	Euro	418	420
5/6/2018	Pound	485	490
5/9/2018	Dollar	357	361
5/9/2018	Euro	410	416
5/9/2018	Pound	460	466
06/4/2018	Dollar	360	362
06/4/2018	Euro	438	445
06/4/2018	Pound	498	505
6/4/2018	Dollar	360	362
6/4/2018	Euro	442	443
6/4/2018	Pound	503	506
6/6/2018	Dollar	360	362
6/6/2018	Euro	417	420
6/6/2018	Pound	480	487
07/5/2018	Dollar	360	362
07/5/2018	Euro	430	437
07/5/2018	Pound	495	503
7/6/2018	Dollar	360	362
7/6/2018	Euro	415	422
7/6/2018	Pound	480	487
07/8/2018	Dollar	357	360
07/8/2018	Euro	409	414
07/8/2018	Pound	467	475
08/5/2018	Dollar	361	363
08/5/2018	Euro	432	435
08/5/2018	Pound	498	503
8/6/2018	Dollar	360	362
8/6/2018	Euro	415	421
8/6/2018	Pound	480	487
09/5/2018	Dollar	361	363
09/5/2018	Euro	430	435
09/5/2018	Pound	495	500
10/4/2018	Dollar	360	362
10/4/2018	Euro	438	445
10/4/2018	Pound	497	505
10/5/2018	Dollar	361	363
10/5/2018	Euro	427	430
10/5/2018	Pound	495	500
11/4/2018	Dollar	360	362
11/4/2018	Euro	442	444
11/4/2018	Pound	500	504
11/5/2018	Dollar	361	363
11/5/2018	Euro	425	430
11/5/2018	Pound	495	500
12/4/2018	Dollar	360	362
12/4/2018	Euro	440	443
12/4/2018	Pound	502	507
12/9/2018	Dollar	358	360
12/9/2018	Euro	410	415
12/9/2018	Pound	465	470
13/4/2018	Dollar	360	362
13/4/2018	Euro	440	443
13/4/2018	Pound	502	507
14/5/2018	Dollar	361	363
14/5/2018	Euro	427	430
14/5/2018	Pound	495	500
14/8/2018	Dollar	357	360
14/8/2018	Euro	408	416
14/8/2018	Pound	465	470
15/5/2018	Dollar	361	363
15/5/2018	Euro	425	430
15/5/2018	Pound	493	500
16/4/2018	Dollar	360	362
16/4/2018	Euro	442	444
16/4/2018	Pound	503	508
16/5/2018	Dollar	361	363
16/5/2018	Euro	425	430
16/5/2018	Pound	493	500
16/7/2018	Dollar	358	361
16/7/2018	Euro	414	418
16/7/2018	Pound	475	481
17/4/2018	Dollar	360	363
17/4/2018	Euro	442	445
17/4/2018	Pound	504	510
17/5/2018	Dollar	361	363
17/5/2018	Euro	425	430
17/5/2018	Pound	493	498
17/7/2018	Dollar	358	361
17/7/2018	Euro	414	418
17/7/2018	Pound	475	482
17/8/2018	Dollar	357	360
17/8/2018	Euro	405	412
17/8/2018	Pound	463	467
18/4/2018	Dollar	360	363
18/4/2018	Euro	440	444
18/4/2018	Pound	504	510
18/5/2018	Dollar	361	363
18/5/2018	Euro	425	428
18/5/2018	Pound	493	500
18/7/2018	Dollar	356	360
18/7/2018	Euro	414	418
18/7/2018	Pound	475	480
19/4/2018	Dollar	361	363
19/4/2018	Euro	441	444
19/4/2018	Pound	508	511
20/4/2018	Dollar	361	363
20/4/2018	Euro	440	443
20/4/2018	Pound	508	511
20/7/2018	Dollar	357	360
20/7/2018	Euro	415	420
20/7/2018	Pound	475	483
21/5/2018	Dollar	362	365
21/5/2018	Euro	425	430
21/5/2018	Pound	485	495
22/5/2018	Dollar	362	364
22/5/2018	Euro	423	430
22/5/2018	Pound	485	495
23/4/2018	Dollar	361	363
23/4/2018	Euro	440	444
23/4/2018	Pound	506	511
23/5/2018	Dollar	362	365
23/5/2018	Euro	425	430
23/5/2018	Pound	490	495
23/7/2018	Dollar	357	360
23/7/2018	Euro	415	420
23/7/2018	Pound	475	483
24/4/2018	Dollar	360	363
24/4/2018	Euro	440	444
24/4/2018	Pound	505	511
24/5/2018	Dollar	362	365
24/5/2018	Euro	425	430
24/5/2018	Pound	490	495
25/4/2018	Dollar	360	363
25/4/2018	Euro	442	444
25/4/2018	Pound	503	508
25/9/2018	Dollar	358	361
25/9/2018	Euro	415	420
25/9/2018	Pound	475	480
26/4/2018	Dollar	361	363
26/4/2018	Euro	439	443
26/4/2018	Pound	503	507
26/7/2018	Dollar	357	360
26/7/2018	Euro	413	418
26/7/2018	Pound	475	480
27/4/2018	Dollar	361	363
27/4/2018	Euro	440	444
27/4/2018	Pound	500	504
28/5/2018	Dollar	362	367
28/5/2018	Euro	425	430
28/5/2018	Pound	495	500
30/4/2018	Dollar	360	363
30/4/2018	Euro	440	443
30/4/2018	Pound	500	505
30/5/2018	Dollar	362	365
30/5/2018	Euro	423	428
30/5/2018	Pound	493	498
31/5/2018	Dollar	361	363
31/5/2018	Euro	423	426
31/5/2018	Pound	493	495

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