Last Updated :
04 April 2008 at 15:05 IST
Indian onion exports fall during 2007-08
Commodity Online NEW DELHI: The onion export from India has declined by 14 percent nearly 10 tonnes during 2007-08 fiscal compared to 11.61 lakh tonnes in the previous fiscal.
According to a data released by National Horticultural Research and Development Foundation (NHRDF), the country had exported around 9.96 lakh tonnes of onion in the 2007-08 fiscal against 11.61 lakh tonnes in the previous fiscal. However, in value terms the decline has been marginal.
In value terms, however, exports have declined marginally to Rs 1,116 crore from Rs 1,135 crore in the review period.
National Agricultural Cooperative Marketing Fedration of India Limited (NAFED) official said the higher prices during the festival season and congestion in the ports were the reasons to decline export.
NAFED, along with 12 other agencies regulates the onion exports and fixes the Minimum Export Price (MEP) every month.
The onion exports went down during festival season last year as the government had increased the minimum export price (MEP) substantially to discourage overseas sales. The average MEP went as high as 495 dollars per ton.
Meanwhile, the average MEP for April has been fixed at 180 dollars per tonne. The MEP stands in the range of 165-390 dollars per tonne for most of the destinations.
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