India’s onion exports dropped to $473.72 million (₹3,922.78 crore) in 2023-24FY from $561.38 million (₹4,522.79 crore) in 2022-23, official information reveals. In quantity phrases, onion exports dipped 32 per cent to 17.17 lakh tonnes (lt) in 2023-24 from 25.25 lt in 2022-23.
In April-June of the present fiscal, onion exports stood at 1.63 lt value $89.21 million (₹744.28 crore).
Taking to social media, Agriculture Minister Shivraj Singh Chouhan stated the federal government is dedicated to the progress of farmers. The export obligation discount will assist onion producing farmers get good costs for onion and export of onion may also improve, he stated, including farmers and different onion associated sectors may also profit.
The choice to scrap the minimal export value (MEP) of onion and discount in export obligation had been introduced by the federal government via separate notifications on September 13.
The obligation reduce may assist bridge the competitiveness of Indian onion to some extent within the international market, stated M Madan Prakash, President of the Agricultural Commodities Exporters’ Affiliation. “Turkey, Egypt and Pakistan are providing at about $600 a tonne (C&F) to Malaysia. Our costs might be round $700,” he stated. Indian exporters will be capable of compete, notably when kharif onion arrivals peak round October-end, he added.
Kharif onion has begun to reach in Kurnool in Andhra Pradesh and northern Karnataka. In Maharashtra, kharif onion arrivals are anticipated by the top of October.
In line with Crop Watch Climate Group information, kharif onion has been planted on 2.90 lakh hectares (lh) as of August 29, in opposition to 1.94 lh throughout the identical interval a 12 months in the past. Sowing has exceeded the whole kharif acreage of two.85 lh a 12 months in the past.
The federal government had initially banned export of onions in December 2023 after the kharif onion final 12 months was affected by drought and extended dry interval, notably in Maharashtra. Nonetheless, the ban was eliminated on Might 5 this 12 months and a 40 per cent export obligation was imposed, in addition to $550/tonne MEP mounted.
The choices to loosen up onion exports had been introduced after the Cupboard Committee on Costs, headed by House and Cooperation Minister Amit Shah, on Wednesday took inventory of management measures on varied meals gadgets.
For the reason that export ban and the MEP on onion was stated to have price the Bharatiya Janata Occasion and its Nationwide Democratic Alliance fairly a number of seats in Maharashtra and different rising areas, the present choices are seen as a transfer to placate the onion growers of the Nashik belt forward of meeting polls within the state later this 12 months.
Presently, the modal value (the speed at which most trades happen) at Lasalgaon in Maharastra’s Nashik district is ₹4,100 a quintal — a nine-year excessive at this time limit. Throughout the identical time in 2015, the modal value was ₹4,750 a quintal.
Even retail costs of onion are additionally and the Centre began promoting onions to shoppers at Rs 35/kg lately via cooperatives NAFED, NCCF and Kendriya Bhandar.
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