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Indian newspaper: Iraq will become a strong competitor to India in the global onion market
The information / Baghdad ..
Newswrap India newspaper warned in a report that Turkey and Iraq would become strong competitors for India in the global onion market, after the federal government in New Delhi decided to ban the export of onions over the past few years.
The newspaper quoted the president of the Agricultural Commodity Exporters Association (ACEA) Im Madan Prakash as saying that Iraq and Turkey along with Pakistan are always behind us, adding that the ban on exports is a problem in restoring traditional control.
In the past few years, the Indian Federal Government has resorted to banning exports or setting a minimum import price for onion exports to curb price increases. On September 24 of last year, the government banned exports of onions after retail prices began to rise within the domestic market.
The export ban was lifted from January 1, but exporters had to face problems getting sponsors.
The non-seasonal rains and injuries to permanent crops throughout the period from January to February raised the prices of onions to 4,000 rupees per quintal (146.8 kilos) within the domestic market, and this also affected the competitiveness of Indian onions in the export market after the export ban was lifted.
“In the beginning, we had problems with exporting as traditional buyers had ample stocks from Turkey and Iraq, as their shipments were also waiting in ports like Colombo,” Prakash said.
One of the biggest problems Indian exporters faced was market profits in Malaysia, Sri Lanka and the Gulf.
It is noteworthy that India is the second largest producer of onions in the world after China, according to The Times of India, with annual production reaching more than 47 million tons.
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