Onion jumps 30% to hit a two-week high as export curbs are lifted

Exporters resume business immediately after Paswan's Wednesday tweet announcing the decision

Onion prices rose by as much as 30 per cent on Thursday to hit a two-week high, following a sharp increase in demand brought on by the government’s decision to lift a six-month old export ban.

In the benchmark Lasalgaon Agricultural Produce Market Committee (APMC) mandi, the model onion price shot up to trade at Rs 21.50 a kg from Rs 16.50 the previous day. This price level was not seen after February 11.