Home / Markets / Commodities / Onion jumps 30% to hit a two-week high as export curbs are lifted

Onion jumps 30% to hit a two-week high as export curbs are lifted

Exporters resume business immediately after Paswan's Wednesday tweet announcing the decision

onions, market, prices, retailers, hoarding, traders

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3 min read Last Updated : Feb 27 2020 | 9:33 PM IST

Onion prices rose by as much as 30 per cent on Thursday to hit a two-week high, following a sharp increase in demand brought on by the government’s decision to lift a six-month old export ban.

In the benchmark Lasalgaon Agricultural Produce Market Committee (APMC) mandi, the model onion price shot up to trade at Rs 21.50 a kg from Rs 16.50 the previous day. This price level was not seen after February 11.

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