Centre allows export of 99,150 MT onion to six countries Bangladesh, UAE, Bhutan, Bahrain, Mauritius and Sri Lanka

Centre allows export of 99,150 MT onion to six countries Bangladesh, UAE, Bhutan, Bahrain, Mauritius and Sri Lanka

Daily Current Affairs / Centre allows export of 99,150 MT onion to six countries Bangladesh, UAE, Bhutan, Bahrain, Mauritius and Sri Lanka

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Category : Miscellaneous Published on: April 29 2024

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The Government has allowed export of 99,150 MT of onion to six neighbouring countries of Bangladesh, UAE, Bhutan, Bahrain, Mauritius and Sri Lanka.
Onion export prohibition has been imposed to ensure adequate domestic availability against the backdrop of estimated lower Kharif and Rabi crops in 2023-24 as compared to previous year and increase demand in international market.
The National Cooperative Exports Limited (NCEL), the agency for export of onion to these countries, sourced the domestic onions to be exported through e-platform at L1 prices and supplied to the agency or agencies nominated by the government of the destination country at the negotiated rate on 100% advance payment basis.
The offer rate of NCEL to the buyers takes into account the prevailing prices in the destination market and also international and domestic markets.
The quota allocated for export to the six countries are being supplied as per requisition made by the destination country. As the largest producer of onion in the country, Maharashtra is the major supplier of onions sourced by NCEL for export.

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