This podcast discusses why India resorts to export bans and restrictions when onion prices rise, and the potential impact on food budgets and shortages. It also explores India's position as a top onion exporter despite export bans and the issue of wastage, suggesting the use of irradiation therapy to reduce losses.
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Quick takeaways
India implements export bans on onions to control rising prices and ensure adequate domestic supply.
India should focus on implementing solutions like irradiation therapy to reduce onion wastage and improve long-term strategies.
Deep dives
Reasons for Export Plans and Restrictions
India imposes export plans and restrictions on onions to control rising prices. With urban households spending a significant portion of their monthly food budget on vegetables, high onion prices can quickly consume a large portion of that budget. The main onion season was affected by unseasonal rains and excessive heat waves, leading to potential onion shortages. By implementing export restrictions, India aims to ensure an adequate supply of onions for domestic consumption and mitigate price spikes.
Effects of Export Bans and the Root Problem
While export bans may have potential negative impacts on onion farmers and India's international reputation, the long-term area under onion cultivation has continued to grow. Despite intermittent bans, India has consistently remained a leading exporter of onions. Other countries also resort to food protectionism during conflicts or volatile times. However, relying solely on export bans fails to address the root problem of onion wastage. India annually produces 30 million tonnes of onions, but nearly 10 million tonnes go to waste due to damage and poor storage. Exploring solutions like irradiation therapy to improve shelf life and reduce wastage could be a more effective long-term strategy.
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India's Export Plans and Restrictions: Impact on Onion Prices and Farmers
In today's episode for 22nd August 2023, we discuss why India keeps resorting to export bans and restrictions whenever onion prices shoot up.
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