Onion prices have shot up dramatically in the country due to panic buying by consumers and price gouging by wholesalers in the immediate aftermath of India’s decision on Monday to suspend onion exports.
News had broken of India’s decision on Monday evening and many consumers in the capital, with the skyrocketing price of onions last year fresh in their minds, rushed to buy onions and stockpile on Monday night.
Since news of India’s decision spread, onions have dominated discussions in social media, tea stalls, kitchen markets, and households over the past 24 hours.
India’s decision had come on the day that Bangladesh exported hilsa to West Bengal for the first time.
