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Onion exports fell by 6.75% to 8.28 LT in first ten months of 2015-16

06 May 2016 Evaluate

Onion exports fell by 6.75% and stood at 8.28 lakh tonnes (LT) in the first ten months of 2015-16 fiscal due to restrictions on the overseas sale of the key vegetable. According to data compiled by National Horticultural Research and Development Foundation (NHRDF), the onion exports stood at 8,28,656 tonnes in the period under review as against 8,88,673 tonnes in the year-ago period.

The fall in shipments in volume terms was mainly due to increase in the minimum export price (MEP) to $425 per tonne in June and then again to $700 per tonne in August last year after prices in the domestic market shot up on lower output, owing to unseasonal rains.

However, in terms of value, exports rose over 35% to Rs 2,161.70 crore in April-January as against Rs 1,597.99 crore in the same period a year ago on higher realization. The average price realization was as high as over Rs 48,000 per tonne when export curbs were in place but sale realization fell to Rs 14,997 per tonne in January after the government removed MEP.



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