Mumbai: The minimum export price of onion has been
raised by $80 to $305 per tonne effective June 19 following
an increase in the domestic prices of the commodity.
was decided yesterday to raise the MEP by $80 per tonne
from $225 per tonne for the Nashik variety," a senior
official of the National Agricultural Cooperative Marketing
Federation of India (NAFED) said.
aim of onion MEP is to help farmers get a good price from
export," he said, adding, there was no restriction
if an agency exports at higher rates.
would be no negative impact on export as MEP is decided
on the basis of both domestic and international prices,
the official said.
price hike was necessitated by an increase in domestic
prices since the last revision took place in April, he
Last week, onion prices in Nashik surged to Rs950 per
quintal from Rs750 a quintal the previous week, he added.
government has designated 13 agencies, including NAFED,
to export onion from India. These agencies meet every
month to decide the minimum export price (MEP) for onions.
India''s onion exports till June 15 in this financial year
stood at 1.79 lakh tonnes against 2.85 lakh tonnes in
the corresponding period last year, an official said.
Out of this, NAFED''s export this year stood at 63,000
country exported about 1.13 million tonnes of onion during
2006-07 fiscal, which is about 17 per cent of the total
production of onion in the country.
produced an estimated 6.66 million tonnes of onion during
2006-07 against 8.68 million tonnes produced in the previous