PALLAB BHATTACHARYA, New Delhi

A small group of traders are exploiting the difference between the prices of onions markets in India and Bangladesh, a senior Indian official said yesterday.

Last week, the Indian government banned onion exports until March 2024 following the prices of the staple commodity crossing Rs 80 per kilogramme in most retail markets and hovering near Rs 60 per kg in wholesale markets.

India’s Consumer Affairs Secretary Rohit Kumar Singh said in New Delhi that the export ban would not impact the farmers and a small group of traders are the ones who are exploiting the difference between the prices in Indian and Bangladesh markets.