India lifts ban on onion export

India lifted the ban on onion exports after nearly six months, setting a Minimum Export Price of $550 per tonne. This decision is significant as onion is a politically sensitive commodity in India, and it comes amid the Lok Sabha elections there. In Bangladesh, onion prices soared to Tk 65-70 per kg from the previous week’s Tk 58-60, with traders blaming suppliers for allegedly stocking onions ahead of Eid-ul-Azha.