Nashik: Bangladesh Plans Onion Exports To Sri Lanka, Nashik Growers Face New Competition
Nashik: Competition in the international onion market is no longer limited to traditional exporting countries. Bangladesh, which was once a major importer of onions, is now exploring export opportunities. The country that purchased large quantities of onions from India is now looking towards overseas markets of its own. In 2023-24, Bangladesh accounted for nearly 40% of India’s onion exports.…
Nashik onion growers may soon face new competition from Bangladesh, as the latter explores exporting onions to Sri Lanka. In 2023-24, Bangladesh imported nearly 40% of India’s onions, but now it aims to boost its own export market. A team from Bangladesh will visit Sri Lanka to assess the potential for onion and potato exports, with discussions held in Hong Kong.
Bangladesh has a surplus of onions and potatoes, and aims to supply quality produce at competitive prices year-round. If successful, this could impact Indian onions, particularly those from Nashik, where export demand supports market prices. For onion growers, consistent export policies, reduced transportation costs, and market access based on quality are crucial.
The development highlights the increasing significance of diverse overseas markets for Indian onions, with a watchful eye on the Lasalgaon and Nashik onion belt.
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