{"id":19392,"date":"2023-10-24T10:12:58","date_gmt":"2023-10-24T10:12:58","guid":{"rendered":"https:\/\/www.selinawamucii.com\/news\/?p=19392"},"modified":"2023-10-24T10:28:47","modified_gmt":"2023-10-24T10:28:47","slug":"onion-exports-from-indias-nashik-district-gain-momentum-despite-duty","status":"publish","type":"post","link":"https:\/\/www.selinawamucii.com\/news\/2023\/10\/24\/onion-exports-from-indias-nashik-district-gain-momentum-despite-duty\/","title":{"rendered":"Onion exports from India’s Nashik district gain momentum despite duty"},"content":{"rendered":"\n

India’s Nashik district managed to ship 18,000 tonnes of onions between October 1 and 14, 2023 despite 40% export duty<\/a>.<\/p>\n\n\n\n

The margin marks a momentous renewal of exports, which had plummeted from 42,268 metric tonnes in July to 21,832 tonnes<\/a> in August. September was the first month after the levy update to see a gradual recovery in exports when shipments hit 31,000 tonnes.<\/p>\n\n\n\n

This rebound is happening when onion reserves from the December-January harvest, also known as the rabi season<\/a>, are waning. To compound the situation, insufficient rains this year in the northern region of Maharashtra will see a late-coming red onion <\/a>harvest. The delay in the kharif crop<\/a>, which is usually available during monsoon between September and October, will push prices up even further.<\/p>\n\n\n\n

The result has been an increase in local wholesale prices of onions by 30% <\/a>within Nashik. Bulk purchases in forty-foot equivalent containers also spiked from INR2,050 to 3,200 ($38.53) per quintal between September and October.<\/p>\n\n\n\n

Nashik district in Maharashtra is India’s number one state for onions and is a benchmark price setter. This season, the district is surprisingly having higher prices than other regions, at 32-33 rupees ($0.39-0.40) per kilogram.<\/p>\n\n\n\n

Delhi’s onion belt, comparatively, has increased its wholesale benchmark by between 5 and 7% in recent months to Maharashtra’s 15%.<\/p>\n\n\n\n

This is in contrast to the situation in March 2023 when prices were so low that farmers raised a protest<\/a>. Heavy rains during the previous monsoon postponed planting, hence an onion glut in March this year.<\/p>\n\n\n\n

If rabi stocks ebb before the next harvest in November, prices will be unmanageable, compounded by the duty increment.<\/p>\n\n\n\n

India was by no means the only country to restrict exports via tariff increment. Its Indus valley neighbor, Pakistan, had raised duty on onions by 180% in February, 2023.<\/p>\n\n\n\n

Onions are an indispensable commodity in India’s cuisine to the extent that they determine national and foreign policies <\/a>alike. In 2019, for instance, the country banned all onion exports to preserve local supplies.<\/p>\n\n\n\n

India is the second biggest onion-producing nation on the planet, with an annual output of 24 million tons.<\/p>\n","protected":false},"excerpt":{"rendered":"

India’s Nashik district managed to ship 18,000 tonnes of onions between October 1 and 14, 2023 despite 40% export duty. The margin marks a momentous renewal of exports, which had plummeted from 42,268 metric tonnes in July to 21,832 tonnes in August. September was the first month after the levy update to see a gradual…<\/p>\n","protected":false},"author":3,"featured_media":19140,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"yoast_head":"\nOnion exports from India's Nashik district gain momentum despite duty - Selina Wamucii | Food & Agriculture News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.selinawamucii.com\/news\/2023\/10\/24\/onion-exports-from-indias-nashik-district-gain-momentum-despite-duty\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Onion exports from India's Nashik district gain momentum despite duty - Selina Wamucii | Food & Agriculture News\" \/>\n<meta property=\"og:description\" content=\"India’s Nashik district managed to ship 18,000 tonnes of onions between October 1 and 14, 2023 despite 40% export duty. 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