Onion export yet to pick up pace despite lifting of ban
Almost a month when the Centre upraised the ban on onion exports, India has managed to export 40,000-50,000 tonne until date attributable to a lukewarm response from the international market, in step with senior business individuals.
India exported onions valued at $198 million within the April-June amount of FY21 and $440 million through 2019-20. The country had exported around 10 lakh tonne in 2019-20. Bangladesh, Malaysia, the UAE and state square measure the highest importers of Indian onions. The ban on onion export, obligatory on September 14, was upraised on January 1.
Ajit Shah, president, farming turn out Exporters Association, aforementioned demand is learning slowly. “Onions from Pakistan square measure presently being sold at $275 per tonne (freight on board) whereas Indian onions square measure costlier at $450 per tonne (FOB). Therefore, there’s not abundant movement happening,” he said. “Other countries square measure still within the method of finishing consignments from Pakistan and alternative mercantilism nations like Turkey and Egypt. Once these square measure completed, they must flip towards India. We have a tendency to expect exports to choose up within the next 15-20 days.”
Shah had earlier aforementioned India will export some 20 lakh tonne this season when the arrival of the new crop.
On weekday, wholesale onion costs at Lasalgaon averaged at Rs 2,500 per quintal, with the most value being Rs 3,099 per quintal and therefore the minimum at Rs 900 per quintal. Total arrivals were within the vary of 24,624 quintal on Monday.
Manoj Jain, an onion bargainer in Lasalgaon, aforementioned though exports have begun, it’s nonetheless to choose up. Traders square measure presently targeted on the domestic market as a result of costs square measure higher and there’s no parity within the international market. Onion shipments are sent to Singapore, Malaysia, Dubai, national capital and therefore the Philippines, however actual figures square measure nonetheless to return in, he said.
National farming analysis Development Foundation’s acting director PK Gupta aforementioned onions have begun to arrive quicker currently with an honest late kharif crop aiding arrivals. The crop is nice and therefore the climate is additionally serving to growth, and thus exports ought to even be smart within the long run, he said.
The country consumes some a 180 lakh tonne annually. The whole production was some 260 lakh tonne within the last season of 2019-20. So, there’s scope permanently export, he said.