India Exports Over 45 Thousand Tonnes Onion After Lifting Ban
Delhi/Hyderabad, May 22 (Maxim News): India has exported more than 45,000 tonnes of onion since the ban on outbound shipments was lifted early this month, a top government official said on Wednesday.
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These exports provided relief to farmers after curbs were imposed to keep domestic supplies steady ahead of general elections.
The world’s biggest vegetable exporter banned exports of the bulb last December and then extended it in March, after a rise in prices triggered by sluggish production.
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“Since the ban was lifted, more than 45,000 tonnes of onions have been exported, mostly to the Middle East and Bangladesh,” according to the Consumer Affairs Ministry source.
To keep onion prices affordable during the election period, the government on May 4 lifted the ban but imposed a minimum export price (MEP) of USD 550 per tonne.
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The source said that the forecast of a good monsoon this year will ensure better sowing of Kharif (summer) crops, including onion from June onwards.
State owned agencies have started procuring onions from the recent rabi (winter) harvest to build a targeted 5,00,000 tonne buffer stock for the current year, (Maxim News)
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