Get Futures Price   
Govt cuts onion export restrictions to back farmers
Published on: June 03, 2008 at 18:45
Commodity Online
NEW DELHI: The government has decided to ease the minimum export price (MEP) of onion to encourage export in the wake of excess in production of the commodity.

NAFED official said that the excess in production of onion has compelled the government to relax export restrictions in order to help farmers to get a good price for their commodity. The new rates are applicable for the June shipments, he added.

The cooperative major NAFED is the nodal agency for export of onion and it decides the MEP every month taking into account the domestic availability and prices.

The average MEP now stands at USD 155-160 a tonne. The MEP has been slashed as there is huge availability of onion in the country and the price realisation by farmers is low, the official said.

After the revision, the onion MEP (Cost & Freight) now stands at USD 155 a tonne for 'break bulk' category and USD 160 a tonne in container shipment for destinations like Dubai and Sharjah.

Onion from India's southern states is exported mainly to Sri Lanka, Malaysia and Singapore, while the Nasik varieties are sent to all export destinations, particularly to the Gulf countries.

Onion farmers in the major growing centres of Lasalgaon and Pimpalgaon in Maharashtra have been receiving less than Rs 1.50 per kg for the last two months compared to Rs 2.50 a kg in last week of March this year, traders said.
Bookmark
 
 
Total Comments :   1 
Ajit morde  Posted On : Jun 21, 2008 5:38 PM
Hi I am onion farmer, which time sutaible price of onion.
Join the discussion
Name *
Your Email
Comments:
characters left
Enter the text as it is shown in the box below
It has been recognized that the heat management is equally important as setting up a heat cooling system. It means that when the outdoor temperature is high and people need the air-conditioner to produce a larger capacity of cold air to the rooms, but the cooling capacity of conventional air-conditioner are not always strong enough, this will influence the comfort.
Explore Commodity
Online
Read
Check Out
In Depth
Channels
Research
SMS Services
Others
About Us   |    Advertise   |    Contact Us   |    Feedback   |    Disclaimer   |    Terms & Conditions   |    Sitemap