Commodity Online
NEW DELHI: Onion export from India is expected to go up by 12 percent in April thanks to lower minimum export price (MEP) that helped edible bulb to attain right momentum.

NAFED, a nodal agency to carry out onion export, had issued a no objection certificate for the estimation made by the government, said a government official.

He said the government was yet to calculate the export data for the last month and it is expected to 88,000-90,000 tonnes.

India had exported 9.96 lakh tons of onions in 2007-08 fiscal, compared to 11.61 lakh tons in the previous year. In value terms, however, exports declined marginally to Rs 1,116 crore from Rs 1,135 crore in the year-on-year period.

With onion prices remaining stable in the domestic market, co-operative major NAFED has decided to keep the MEP of standard sized onions unchanged for this month.

However, the MEP of onions grown in the southern states has been raised to 350 dollars per tonne for May, compared to 300 dollars a tonne in April.

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

Post your comment  (0)

Connect:

Post to Twitter

Post to Facebook