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Onion exports from India fall 6.75%

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Onion exports fell by 6.75 percent to 8.28 lakh tonnes in the first ten months of 2015-16 because of restrictions on the overseas sale of this key vegetable.
However, in terms of value, exports rose over 35 percent to Rs 2,161.70 crore in April-January.

As per the data, onion exports stood at 8,28,656 tonnes in the period under review, as against 8,88,673 tonnes in the same period last year. The fall in exports in volume terms was mainly due to increase in the minimum export price (MEP) to USD 425 per tonne in June and then again to USD 700 per tonne in August last year after prices in the domestic market increased because of lower output.