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87k tonnes of onion exported during Jan-Feb 2021
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SME Times News Bureau | 09 Mar, 2021
India exported around 87,000 tonnes of onion in the early two months of
this years after the government lifted ban on the export of the bulb
since January1, 2021, Union Minister of Agriculture and Farmers Welfare
Narendra Singh Tomar on Tuesday informed Lok Sabha in a written reply.
Replying
to the questions asked by T. R. Paarivendhar and A. Ganeshamurthi,
members of the Lok Sabha, the Minister said, "The export of onion was
free which was prohibited ...to deal with shortage in supply and
increased domestic prices. The prohibition was lifted on Jan 1, 2021 in
view of good prospects of Kharif and late Kharif production estimates.
After recent lifting of the ban, the export of onion in the months of
January & February, 2021 has been 56,000 tonnes and 31,000
respectively, as against monthly average export of 2.18 lakh tonnes
prior to imposition of ban in September, 2020."
India exported exported 11.50 lakh tonne of onion at a value of Rs 2,320.70 crore in 2019-20.
The All India average retail prices of onion in December, 2020 was Rs.
44.33/kg whereas during January 2021 and February 2021 the prices have
been Rs. 38.59/kg and Rs 44.08 /kg, respectively, he added.
Tomar
said the government has approved for creation of a buffer stock of 2
lakh tonnes of onion for 2021-22 under the Price Stabilisation Fund
(PSF).
Government released onion from the buffer stock of 1 lakh
tonnes created from Rabi-2020 onion in a calibrated manner to moderate
prices of onion since September, 2020. Government imposed ban on onion
export w.e.f. 14th September, 2020. The government also invoked the EC
Act and imposed stock limit of 25 tonnes for wholesaler and 2 tonnes for
retailer w.e.f. 23.10.2020. With the arrival of Kharif onion, the
Government conveyed approval for procurement of one lakh tonnes of
onion Kharif 2020 to recoup the buffer for further retail intervention,
said the Minister.
India imported a total of over 65,546 tonnes of onion from October to the end of December, he informed the House.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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