Image Credit: Rawpixel The previously planned three-month ban on onion exports, which was set to commence last week, will now come into effect on 1 October, announced Egypt’s Ministry of Trade and Industry on 24 September. This delay is in consideration of existing export agreements. The Egyptian Cabinet had initially announced a three-month prohibition on onion exports on 20 September to curb rising prices in local markets. Onion prices have surged to EGP 35 per kilogram in some local markets, a significant increase from EGP 27 the previous month and EGP 12 a year ago. This increase is attributed to intermediaries and traders stockpiling onions, as noted by Alaa Khalil, the director of the
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