NEW DELHI (Commodity Online): On on the back of lower Minimum Export Price (MEP), India's onion exports have taken a 10% leap, according to Agriculture Export Association.
The Government of India reduced the MEP of onion to US $ 150 a ton, which made the Indian variety more competitive in the global market.
Earlier, the onion exports of the country had declined considerably on high MEP. And also India government had banned the exports of the commodity as the domestic price shot up to Rs 80-85 per kg, December last year, but it was removed after the price crashed.
India is the second largest producer of onions and is expected to produce around 151.36 lakh ton for 2011-12.
India exports onion to Dubai, Kuwait, Saudi Arabia, Middle East, Malaysia, Singapore, Seychelles and Bangladesh.
