Last Updated :
31 March 2008 at 13:35 IST
Govt bids to avoid tears in onion fields
Commodity Online NASHIK: In an election year, the government does not want to take risks as far as onions are concerned. The present government is well aware of the NDA government’s fall following the rise in onion prices.
So the National Agricultural Cooperative Marketing Federation (Nafed) of India has decided not to change the minimum export price of (MEP) for onion for April.
The MEP for the Bangalore variety, however, had been reduced to $450 a tonne to support the falling prices in Karnataka.
Export price for Bangladesh had been increased by $25 to $185 a tonne.
MEP for Bangladesh has been raised to discourage exports from neighbouring West Bengal, where the prices have gone up on the back of crop damage due to rains during harvesting, Nafed said.
MEP for March was also unchanged from February, in the range of $165-$390 a tonne.
Accordingly, MEP for West Asian countries will remain in $185-210 a tonne, and for Sri Lanka it will be $165, according to an official at Maharashtra State Agricultural Marketing Board.
MEP for Malaysia will be revised to $165, the official said. The Gulf countries, Malaysia, and Sri Lanka are key export destinations of Indian onion, he added.
Out of 13 agencies, Nafed is the main canalising agency for export of onion.
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