The mosques are nestled between the residential towers and surrounding the famous square – earlier known as Al Khan Bridge
uae1 day ago
Onion prices in the UAE are expected to drop in the coming weeks after India announced lifting a ban on the exports. Vendors in the UAE are hoping that India’s decision will ease shortage of the commodity in the market.
Onion has been selling at over Dh6 per kg in the local hypermarkets after India put restrictions on exports last year. The prices had risen to as high as Dh9 per kg, but then India permitted exports to the UAE, which helped bring down the prices to Dh6.
Before India’s export curbs, onion was usually sold for around Dh3-4 per kg. Some hypermarkets and major supermarkets even used to reduce the price up to Dh2 per kg during the weekend promotions.
Stay up to date with the latest news. Follow KT on WhatsApp Channels.
In December, India banned exports of onions till March 31, 2024, which was later extended till further order. However, New Delhi allowed exports to some countries based on their requests.
Later, Indian government lifted the ban subject to a minimum export price of $550 per tonne as compared to $800 per tonne late last year.
Retailers in the UAE said that the removal of the ban would help meet the shortage of Indian onions in the market. Onion is one of the most commonly consumed commodities among Asian and Arab nationals.
Dr Dhananjay Datar, chairman and managing director of Adil Group of Supermarkets, said the “price will drop” but it’s premature to forecast how much it could go down.
The UAE is one of the largest importers of onions from India.
Kamal Vachani, group director and partner at Al Maya Group UAE, expects a “significant drop” in onion prices in the UAE market after the lifting of the ban.
“The decision by India, one of the world’s largest onion producers, is expected to alleviate the shortage and subsequently impact prices globally.”
While advising consumers to watch out for potential market fluctuations, Vachani said weekend promotions might see prices drop even further.
ALSO READ:
The mosques are nestled between the residential towers and surrounding the famous square – earlier known as Al Khan Bridge
uae1 day ago
The last time a Philippine president came to the country was in December 2008 during the time of Gloria Macapagal-Arroyo
uae1 day ago
Amid the buzz, the Indian tourist told Khaleej Times she was just grateful that her mum had the chance to experience the emirate's luxury and hospitality
uae1 day ago
Parking fees are set in order to regulate the limited spaces and to prevent the arbitrary use of these spots
uae1 day ago
The violators were caught as authorities step up its monitoring of the public's compliance with regulations
uae1 day ago
Over the weekend, about 80 members of Filipino Kasambahay Club (FKC), an organisation of nannies and domestic workers in Dubai, had their first meet-up
uae1 day ago
Instead of going to shopping malls and indoor play areas, there are still a few outdoor spots that residents can visit during these hot and humid days
uae1 day ago
Some agencies are able to find a solution, with one expert encouraging travellers to get a five-year multiple-entry visa to the popular holiday destination
uae1 day ago