Job offersmore »
- Quality Assurance Team EA Region -Antwerp- Quality Supervisor, Belgium
- Manager Trucking Company - Azerbaijan
- Junior Productie Manager - Kenia
- (junior) Agronomist China
- Department Chair and Professor of Human Ecology - Davis (CA) USA
- Factory Manager Assistant - Huizhou, China
- Internal Salesperson - Netherlands
- Crop Manager - Northern France
- Farm General Manager - Egypt
- Grower (cucumbers) - Australia
Top 5 - yesterday
Top 5 - last week
Top 5 - last month
Exchange ratesmore »
India sets curbs on onion exports as prices surge
India set a minimum price of $850 per tonne for overseas sale of onions, a government order said on Thursday, as the price of the politically-sensitive vegetable surged to its highest in two years in the local market.
Traders cannot export onions below $850 per tonne until the end of 2017, the order said.
Average prices at Lasalgaon, India’s largest wholesale onion market in the western state of Maharashtra, rose to 3,211 rupees ($49.62) per 100 kg last week, the highest in two years.
“Exports are not possible at $850. Egypt and Pakistan are selling at a much lower level,” said a Mumbai-based exporter, who declined to be named.
The Indian curbs on exports could lift prices in key importing countries like Bangladesh, Malaysia, the United Arab Emirates and Sri Lanka, traders said.
1 Indian Rupee = 0.015 US Dollar
Publication date: 11/24/2017
Receive the daily newsletter in your email for free | Click here
Other news in this sector: