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Reading: There are no plans  to lift  the  ban on onion exports despite  fall in  mandi prices 
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BusinessIndia

There are no plans  to lift  the  ban on onion exports despite  fall in  mandi prices 

Team Happen Recently
Last updated: 2024/01/12 at 10:32 AM
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 In other key onion producing districts  like  Pune, Ahemadnagar and Solapur, mandis prices are currently  around Rs  1,800 – 1,900 per quintal.  

 Despite reports of  plummeting  onion prices  in major markets,  the government is taking a cautious  approach and taking  no immediate  steps  to lift the  export  ban  imposed  on  the key  vegetable. booked  last month. 

  Official sources  said  there was  a recent  assessment of  the  domestic  onion supply situation and  there was a consensus that lifting the ban on onion exports was not feasible under the current circumstances. 

 “We are closely assessing the supply situation and onion prices,”  an official said. With the  arrival  of kharif  crop,  mandi prices  in  Lasalgaon, Nasik, Maharashtra, the  country’s  wholesale trade  hub, fell  to  Rs  1,500-1,800 per quintal  on  Thursday,  from around Rs  3,700 to  Rs  4,000 per quintal. before.  prior to the imposition of  the shipping  ban announced  from  December 7  to  March 31, 2024.  In other key onion producing districts  like  Pune, Ahemadnagar and Solapur, mandis prices are currently  around Rs  1,800 – 1,900 per quintal.  A trader said that  due to  the  high  humidity of the kharif onion crop, it cannot  be  preserved, and  the  quantity of goods arriving is increasing, causing prices to decrease.  

Farmers and traders  are  demanding  that the export  ban  be lifted  so that prices do not  fall.  

  “Mandi  prices have  come down  sharply and the current  price is  below the cost of production for  farmers,”  said  Balasaheb Misal, former  director of the Mandi Board of  Manmard (Maharashtra)  and an onion  grower.  

 According to the  ministry,  the modal retail  price  of  onions fell  by  33 per cent  to Rs  40 per kg  on  Thursday, compared to  Rs  60 per kg  on December 8 when  the export  ban  was announced.  

 Retail onion inflation rose  86.46% in November as retail prices in  some  cities touched Rs  90 per kg  last month  due to delayed  kharif  harvest  and  unusual  rains  affecting  the  crop planning  in Maharashtra and Karnataka.  Onion inflation,  which  has  been  negative  since  September  2021,  reached  23.18% in August. In  February  2020, onion inflation  reached  140%  year-on-year. 

  Government  agencies –  Nafed  Agricultural Cooperatives  and  India’s  National  Consumer  Cooperative  Federation  (NCCF)  have so far  procured 20,000  tonnes  of kharif onions  against  the  target of 0.2 million  tonnes  (MT)  further The government’s  decision to increase  the  buffer stock target  to  0.7 million  tons continues.  from 0.5  mt  for the current  financial year.  

 The estimated  onion  production  in  2022-23  (July-June) is around 31.8 MT  as  against 31.7 MT reported in the previous year.  

For more information visit at https://happenrecently.com/zepto/?amp=1

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