| Date: |
11-05-2010 |
| Subject: |
India's onion export dips by 52 pc in Apr |
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New Delhi, May 10 (PTI) India's onion export slumped sharply by 52 per cent to 1,06,891 tonnes in April due to higher minimum export price (MEP) of the commodity, according to agri-cooperative major Nafed.
The country had exported 2,25,026 tonnes of onion in the same period last year, it said.
"Exports have reduced as the onion MEP (cost and freight) in April was higher at USD 250 a tonne in the wake of rising retail prices," a senior official with the National Agricultural Cooperative Marketing Federation (Nafed) said.
The trend of raising the MEP started from November 2009 after onion prices sky-rocketed in the domestic market. The MEP was around USD 200 in April 2009, he said.
Onion export is channelised through Nafed, which decides the MEP every month in consultation with 12 other state trading agencies and issues no-objection certificates to empanelled exporters.
Source : PTI
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