India exported 260,000 tonnes of onions in April-July: MoS Verma in Lok Sabha
India exported 16.07 lakh tonnes of onions last year. | Photo: PTI
India exported 2.6 lakh tonnes of onions till July this fiscal year, the government said on Wednesday.
“The government has lifted the onion ban from May 4, 2024 and allowed export with a minimum export price of (MEP) $550 per tonne and an export duty of 40 percent.
“A total quantity of 2.60 lakh tonnes of onion has been exported up to July 31, 2024, in the current financial year 2024-25,” Union Minister of State for Food and Consumer Affairs BL Verma said in a written reply in the Lok Sabha.
India exported 1.67 million tonnes of onions in the last fiscal year.
He further said that the government had procured 4.68 lakh tonnes, mainly from Maharashtra, through NCCF and NAFED for price stabilisation buffer.
“Compared to last year (2023), price realisation by onion farmers in the current year has been much higher. The average monthly mandi modal prices of onion in Maharashtra during April-July 2024 were in the range of Rs 1,230 to Rs 2,578 per quintal, as against Rs 693 to Rs 1,205 per quintal for the corresponding period last year (2023),” Verma said.
The average procurement price of onion for the buffer this year was Rs 2,833 per quintal, which is 64 per cent higher than the procurement price of Rs 1,724 per quintal last year.
“India is a net exporter of onion and earns revenue from exports. The net export value earned by India over the last three years was Rs 3,326.99 crore in 2021-22, Rs 4,525.91 crore in 2022-23 and Rs 3,513.22 crore in 2023-24,” the minister said.
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First print: Aug 08, 2024 | 12:03 AM IST