Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

Indian onions outpriced in global market on higher domestic price, shipping woes.

Date: 19-01-2021
Subject: Indian onions outpriced in global market on higher domestic price, shipping woes
Indian onions have been outpriced in the global market, as prices at home rule higher than those in competing nations. High freight charges and schedules of ships, too, are coming in the way of exports.

“The situation for onion exports is not favourable as our prices are higher than the offers from China and Pakistan. The schedule of vessels and freight charges are also not matching up to buyers expectations,” said a Gujarat-based exporter, who did not wish to be identified.

“Export movement of onions has begun but they are not in full swing. Demand is still lower and restricted, though stocks with the importing countries are lower,” said Chennai-based Rajathi Group Director Madan Prakash.

Exporters are also up against the second wave of novel coronavirus (COVID-in some of the countries to restrictions on the movement of people and goods.

“In Malaysia, there is Movement Control-1 due to COVID-19. Importers feel demand will be lower and are buying limited quantities only,” said Prakash, whose group exports agricultural products. The Gujarat-based exporter also concurred with his view.

Domestic prices were hovering between Rs 30 and 35 a kg, said Nashik trader Sushant Musale.

According to the agriculture ministry, most trades in new onions took place at Rs 2,650 a quintal at Lasalgaon, one of the important markets in the Nashik trade hub, on January 18. During the same time last year, prices were at Rs 3,500 a kg.

Onions prices have gained since the beginning of 2021 after the government lifted the ban on exports that was imposed in September when rates began to surge.

Retail prices of onion topped Rs 100 a kg in the second and third weeks of October before a slew of measures, including duty-free imports and imposition of stock limits, brought the prices down.

Old onions, harvested in April and whose stocks is still available, are ruling at around Rs 20 a kg in Nashik markets.

“Compared to prices here, local rates in countries such as Pakistan are lower, making them competitive,” said the Gujarat-based trader. Though Pakistan has a limited onion season, crop arrivals have begun, putting pressure on the global market.

Prakash and Musale said Egypt and Turkey onions were also competitive compared to Indian onions.

According to Prakash, exporters get packaged cargo for shipments at around Rs 31 a kg in Mumbai.

Shipping problems

Exporters are facing problems in shipping their produce. Prakash said the problem of container shortage continues, while trans-shipment cargoes end up getting delayed by almost a week.

“Sometimes, cargoes to Vietnam go via other ports. They are getting delayed now. From the earlier 14-15 days, the consignments take 21 days now,” he said.

Traders and exporters expect domestic prices to decline further after this week as arrivals are expected to increase.

“Harvest of late kharif crop is on in full swing. Arrivals will increase and thus put pressure on prices,” Prakash said.

Musale said that onion harvest had begun in other states such as Madhya Pradesh and Gujarat also. “These arrivals will result in prices dropping,” he said.

Onion prices had spiked across the country in October after rains affected the crop in Maharashtra, Karnataka, Andhra Pradesh, Madhya Pradesh and Gujarat. A shortage of seeds and the onset of anthronose and twister bacteria in the standing crop also pushed up prices.

Since October 1 year till January 18, onion arrivals have been pegged at 8.3 lakh tonnes in Maharashtra compared with 10.26 lakh tonnes during the same period a year ago.


Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Exim Help

What is New?

Date: 26-02-2021
Notification No. 25/2021-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seed, Areca nut, Gold & Silver - reg.

Date: 26-02-2021
A.P. (DIR Series) Circular No. 12
Investment by Foreign Portfolio Investors (FPI) in Defaulted Bonds - Relaxations

Date: 25-02-2021
Notification No. 09/2021 -Customs (ADD)
Seeks to amend notification no 29/2017-Customs (ADD) dated 14.06.2017 so as to extend the said notification up to 28.06.2021.

Date: 25-02-2021
Notification No. 10/2021-Customs (ADD)
Seeks to further amend notification No. 2/2016-Customs (ADD) dated 28th Jan, 2016 to extend the levy of Anti-Dumping duty on Melamine originating in or exported from China PR, up to and inclusive of 31st March, 2021.

Date: 25-02-2021
Public Notice No. 40/2015-20
Amendment in Appendix 1B, Hand Book of Procedure 2015-20

Date: 23-02-2021
Notification No. 03/2021-Central Tax
Seeks to notify persons to whom provisions of sub-section (6B) or sub-section (6C) of section 25 of CGST Act will not apply.

Date: 23-02-2021
Trade Notice No. 43/2020-2021
Electronic filing and Issuance of Preferential Certificate of Origin (CoO) for India’s Exports under India-Mercosur PTA and India-Thailand EHS w.e.f. 25th February 2021

Date: 23-02-2021
Notification No. 20/2021-Customs (N.T./CAA/DRI)
Appointment of CAA by Pr. DGRI

Date: 23-02-2021
Notification No. 21/2021-Customs (N.T./CAA/DRI)
Appointment of CAA by Pr. DGRI

Date: 22-02-2021
Circular No. 06/2021-Customs
Policy and Guidelines for setting up of Inland Container Depots (ICDs), Container Freight Stations (CFSs) and Air Freight Stations (AFSs)-Reg.

Exim Guru Copyright © 1999-2021 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.


C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001