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India’s onion export registers fall

Commodity Online
NEW DELHI: India’s onion export for the month of May registered a decline about 18 percent to 1.50 lakh tonnes against last year owing to the high domestic prices, a senior official at NAFED said.

As per the available reports, the country has exported 1.46 lakh tonnes during last month, against 1.77 lakh tonnes in the year-ago period, he said. Meanwhile, the export in April 2009 stood at 2.25 lakh tonnes against 1.31 lakh tonnes in the same month last year.
During the first two months of this fiscal, India has exported a total of 3.71 lakh tonnes of onion as against 3.08 lakh tonnes in the corresponding period of last year.

Onion exports stood at 17.6 lakh tonnes in the 2008-09 fiscal as compared to 11.02 lakh tonnes in the previous year.

Shipments are channelised through co-operative major NAFED, which decides the MEP for every month in consultation with 12 other state trading agencies and issues no-objection certificates to empanelled exporters.
MCX Maize 20 March 2012 contract was trading at Rs 1165 . What's your view on it?
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