The exports of onion fell sharply in the month of October by 86% and stood at 22,000 tonnes compared with the same month last year as government raised minimum export price (MEP) to control rising domestic prices. Onion exports stood at 154,957 tonnes in October 2012, while the shipments were at 19,218 tonnes in September this year. On the other hand, according to data compiled by the National Horticultural Research Foundation (NHRDF), the exports of onions have increased by nearly 3,000 tonnes compared to the previous month.
In order to curb the rise in prices of onions, the government had imposed minimum export price (MEP) on onion at $650 per tonne on August 14. Following this, the MEP have been further raised two times, first to $900 per tonne and then to $1,150 per tonne as onion prices kept surging and touched Rs 100 per kg in some parts of the country. Now with arrival of new crop of onions from Rajasthan and Karnataka the prices have moderated to Rs 50-60 per kg.
The onion exports stood at 738,246 tonnes during April-October period in the current year, down from last year’s level of 1,156,424 tonnes. The shipments of onions started showing down fall trend from the month of July as prices of bulb started going up in the domestic markets. The total production of Onion in 2012 stood at 16.30 million tonnes.
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