INSUBCONTINENT EXCLUSIVE:
PUNE: Onion exporters see shipments increasing by about 15per cent from a year ago with prices turning competitive in the international
market on the back of a government incentive scheme and potential of good domestic production.
After the government extended the Merchandise
Export from India Scheme (MEIS) to onion growers, the freight-on-board (FOB) price of the Indian variety declined to $195/tonne (from $220
per tonne earlier), giving competition to the produce from China, where a good crop is seeing producers take advantage of high prices in
2018 up to January 2019.
Shah also said the area and condition of the kharif crop has been reported to be overall normal across the country
has kept domestic prices stable even during the monsoon season
The average price in the wholesale markets of Maharashtra is now around Rupee10/kg
However, traders say prices should increase a bit now so as to compensate for the loss in storage increase, as the carrying period has been
