Indian Onion Prices Surge in Oman

Muscat: The price of Indian onions has surged in Oman following the imposition of an export ban by India. As of now, the price of onions in Oman ranges between 475 to 490 baisas per kilogram. Some businesses have reported price hikes due to the reduced availability of Indian onions. However, the price of onions from other countries remains lower, with some varieties available at around 700 baisas per kilogram.

This price increase marks a significant rise of about 30 to 35 percent compared to previous months. Since the Indian government imposed the export ban on onions in December, prices have continued to climb in Oman. Currently, Indian onions are priced higher than those from other exporting countries.

Onions are a crucial agricultural product, and their price increase is putting strain on household budgets. Despite the increased cost, other products utilizing onions have not seen a corresponding price drop. As a result, onions have become less accessible in markets and restaurants.

The Indian government’s export ban, which has been in place for a considerable period, was aimed at stabilizing domestic prices. However, the ban has not led to a significant decrease in onion prices, according to traders in Oman. They also noted that the price of onions in the international market has remained high, with the price per ton reaching up to 550 dollars.

Indian onions are known for their quality, and despite the export restrictions, they remain highly favored in the market. Pakistan, which is the second-largest producer, has managed to fill some of the supply gaps. However, Pakistani onions are also facing high demand and prices.

Since December, Pakistan has exported an additional 220,000 tons of onions, generating an extra 20 million dollars in revenue. Indian onions, despite the higher prices, are still preferred in several countries, particularly in the Middle East and South Asia.

The rise in onion prices has led to a decrease in consumption due to budget constraints. As a result, some countries are seeking alternative sources to meet their onion needs. Pakistan, which has become a significant supplier, is currently seeing an increase in onion exports and prices.

Overall, the ongoing export ban by India is contributing to a gradual decline in the availability and increased prices of Indian onions in international markets, posing challenges for consumers and businesses alike.