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FruitNews

India: export of onions decreased in April and may on 40%

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In the first two months of the current fiscal year, India exported 251000 tonnes of onions at 40% below last year's level, the Indian National Federation of agricultural marketing. In the first two months of the current fiscal year, India exported 251000 tonnes of onions at 40% below last year's level, the Indian National Federation of agricultural marketing. "The value of exports in April-May, also fell sharply to 2580000000 rupees. In April-May 2009, the country exported onion at a total cost of 3910000000 crores. Exports fell due to high minimum export prices in the beginning of the year, which reduced demand from other countries, and especially from Pakistan. To stop the rise of local prices of onions, authorities have raised the minimum export price from about 200 dollars in November to over 500 dollars per ton in early March. However, the minimum export prices have fallen steadily since the middle of March to 200 dollars in June due to the sufficient volumes of stock.
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