Onion price high in asian counties as India stops exports

Vastavam web: Asian countries like Bangladesh, Pakistan ,   Malaysia are struggling to secure supplies of onions after the world’s biggest exporter India restricted overseas sales amid limited availability in the global market.

Onions, an essential part of the diets of millions of Asians, are likely to remain expensive and scarce for at least two months until India lifts curbs on exports, traders said.

“At the moment, there is nothing we can do but to wait,” said Mohammad Idris, a trader based in Dhaka, Bangladesh, where onion prices have trebled in recent months, hitting an all-time high of 100 taka ($1.22) a kg (2.2 pounds) this week.