Onion export may rise by 12% in April
Onion export is likely to increase by about 12 per cent in first month of the current fiscal, helped by lower minimum export price (MEP) of the edible bulb.
By PTI |
NEW DELHI: Onion export is likely to increase by about 12 per cent in first month of the current fiscal, helped by lower minimum export price (MEP) of the edible bulb.
"We are yet to finalise the export data for the last month. Onion export is expected to be 88,000-90,000 tons," a senior government official said. India exported 80,120 tons in April 2007.
The estimate is based on no-objection certificate issued by NAFED, which is the nodal agency to carry out onion export, the official said.
India had exported 9.96 lakh tons of onions in 2007-08 fiscal, compared to 11.61 lakh tons in the previous year. In value terms, however, exports declined marginally to Rs 1,116 crore from Rs 1,135 crore in the year-on-year period.
With onion prices remaining stable in the domestic market, co-operative major NAFED has decided to keep the MEP of standard sized onions unchanged for this month.
However, the MEP of onions grown in the southern states has been raised to 350 dollars per tonne for May, compared to 300 dollars a tonne in April.
The average MEP of onion for May remains at 180 dollars per tonne, though it is in the range of 165-390 dollars per tonne for most of the destinations. However, for destinations like Ivory Coast, the MEP is 425 dollars a tonne in refrigerated container, he said.
For the Gulf countries, which are major importers of Indian onions, the MEP is at 180-210 dollars per tonne.
National Agricultural Cooperative Marketing Federation (NAFED) along with 12 other agencies regulates the exports and fixes MEP every month.
"We are yet to finalise the export data for the last month. Onion export is expected to be 88,000-90,000 tons," a senior government official said. India exported 80,120 tons in April 2007.
The estimate is based on no-objection certificate issued by NAFED, which is the nodal agency to carry out onion export, the official said.
India had exported 9.96 lakh tons of onions in 2007-08 fiscal, compared to 11.61 lakh tons in the previous year. In value terms, however, exports declined marginally to Rs 1,116 crore from Rs 1,135 crore in the year-on-year period.
With onion prices remaining stable in the domestic market, co-operative major NAFED has decided to keep the MEP of standard sized onions unchanged for this month.
However, the MEP of onions grown in the southern states has been raised to 350 dollars per tonne for May, compared to 300 dollars a tonne in April.
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Onions from southern states are exported mainly to Sri Lanka, Malaysia and Singapore, while the Nasik varieties are sent to all export destinations, particularly to the Gulf countries. The average MEP of onion for May remains at 180 dollars per tonne, though it is in the range of 165-390 dollars per tonne for most of the destinations. However, for destinations like Ivory Coast, the MEP is 425 dollars a tonne in refrigerated container, he said.
For the Gulf countries, which are major importers of Indian onions, the MEP is at 180-210 dollars per tonne.
National Agricultural Cooperative Marketing Federation (NAFED) along with 12 other agencies regulates the exports and fixes MEP every month.
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