Competition in export market is heating up

Indian onion exporters hope for good season

Onion prices have been quite high, despite good arrivals. On Thursday, market arrivals at Lasalgaon, the country’s largest wholesale market for onion, were 1,700 tons with modal prices touching Rs 2,100 per 100 kgs. Prices were Rs 2,250 per 100 kgs on Tuesday.

Higher prices of Indian onions could impact exports. Between April and November 2021, exports have been in the range of the 1.06 mln tons, according to senior horticulture officials. Onion exports in the 2020-21 season were 1.58 mln tons, despite the pandemic.

Ajit Shah, president, Horticulture Produce Exporters Association, pointed out that the Indian onion is quoted higher in the export market and, therefore, exports have been affected. Onion supplies from Pakistan are quoted at $300 a ton whereas the Indian stock is quoting at $500, he said. Moreover, the kharif crop was damaged due to heavy rains across onion-growing states, affecting the quality of the bulb, and thus, impacting onion shipments from the country.

[ Rs 100 = €1.20 ]

Source: financialexpress.com


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