India s onion export ban helps Iraq, Turkey gain foothold in global market
April 20, 2021
Shippers find it tough to win back buyers as Centre resorts to ad hoc moves to stop shipments
Iraq and Turkey are providing tough competition to India in the latter’s traditional onion export market, particularly with the Union Government taking ad hoc decisions to ban shipments over the last few years.
“Iraq and Turkey are waiting to fill in any gap left by India in the onion export market. They gained when India banned onion exports from September 24 to December 31 last year,” said Agri Commodities Exporters Association (ACEA) President M Madan Prakash.
Now, growers flock to store their onion to cash in during lean arrivals season
April 05, 2021
Prices drop below ₹900/quintal; export demand yet to pick up
Onion growers in Maharashtra have booked warehouses and storages well in advance this year to store the bulb even as its prices have slipped further to below ₹900 a quintal.
“Onion prices have dropped sharply from the highs seen in February. Rabi onions are expected to arrive from April 15 onwards. By now itself, onion farmers have booked spaces in warehouses to store the bulb,” said Agri Commodities Exporters Association (ACEA) President M Madan Prakash.
Onion prices, which had zoomed to ₹4,000 a quintal in the third week of February this year, have nosedived to below ₹900. According to Ministry of Agriculture and Farmers’ Welfare data, modal price of red onion, usually harvested during early and late Kharif season, is currently ₹850/quintal at Lasalgaon, Asia’s largest market for the bulb.
Tight global supplies to continue driving India’s maize exports till May
Maize (corn) exports from India are expected to go on till May with global supplies projected to be tight this year and demand continuing from Malaysia and Vietnam.
The Food and Agriculture Organization (FAO), a UN arm, and the US Department of Agriculture have both projected that the ending stocks this marketing season (July 2020-June 2021) would be lower compared with last year. Both agencies have, however, raised the ending stocks in their reports this month on higher production estimates.
The FAO’s Agricultural Marketing Information System (AMIS), in its report for this month, said maize ending stocks will be 275.7 million tonnes (mt) against 301.7 mt. The ending stocks size for this season has been raised by two mt from last year.
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Tight global supplies to continue driving India’s maize exports till May
March 11, 2021
Maize (corn) exports from India are expected to go on till May with global supplies projected to be tight this year and demand continuing from Malaysia and Vietnam.
The Food and Agriculture Organization (FAO), a UN arm, and the US Department of Agriculture have both projected that the ending stocks this marketing season (July 2020-June 2021) would be lower compared with last year. Both agencies have, however, raised the ending stocks in their reports this month on higher production estimates.
The FAO’s Agricultural Marketing Information System (AMIS), in its report for this month, said maize ending stocks will be 275.7 million tonnes (mt) against 301.7 mt. The ending stocks size for this season has been raised by two mt from last year.