India: MEP abolition had little impact on onion exports
India exported 4,61,854 tonnes of onions during April- June period this year, according to data on onion exports collected by agri-cooperative NAFED. In the same period last year, 4,29,802 tonnes were exported.
R P Gupta, Director of National Horticultural Research and Development Foundation, said that exports did not surge after the MEP was scrapped, because global markets had saturated by the time the decision had been made.
Ajit Shah, President, Agriculture Exports Association, Mumbai, however, said there was more to it than the abolition of MEP coming too late. He cited a shortage of vessels to carry the exports.
Source: articles.economictimes.indiatimes.com
