Delhi Onion Market Sees 48 Truck Arrivals During August 25, 2023, As Export Duties Impact Prices
Kankana Ghosh
Published 2023년 8월 25일
On August 25, 2023, at the onion market in Delhi, a total of 48 trucks arrived, 42 being from the old stock. From W33 to W34, the market has experienced arrivals of 100 to 125 trucks. The prices and availability of onions from different regions varied as follows:
In Pune, three trucks arrived with prices ranging from USD 9.69 to 10.90/40kg (INR 800 to 900/40kg), depending on quality, size, skin, and color. In Nashik, nine trucks arrived with prices ranging from USD 9.69 to 11.51/40kg (INR 800 to 950/kg), depending on quality, size, skin, and color. In the Madhya Pradesh (MP) market, nine trucks arrived, with prices varying from
USD 9.08 to 10.90/40kg (INR 750 to 900/40kg), based on quality, size, skin, and color. Furthermore, in Rajasthan 15 trucks arrived with a price of USD 10.90/40kg.
Government entities also participated in the market, at the National Agricultural Cooperative Marketing Federation (NAFED), eight trucks arrived with prices ranging from USD 8.46 to 10.28/40kg (INR 700 to 850/40kg) at their shops, with a mid-range quality.
In addition, at the National Cooperative Consumers Federation of India Limited (NCCF), three trucks arrived with prices from USD 8.48 to 10.29/40kg (INR 700 to 850/40kg) through a tender process, offering better quality than NAFED.
In Nashik and Mumbai markets, onion prices ranged from USD 0.19 to 0.28/kg (INR 16 to 23/kg), depending on quality, size, skin, and color.
The recent imposition of a 40% export duty on onions has caused significant price drops in the market. This measure was unexpected and impacted farmers who were anticipating higher prices. To counter this, the government has committed to purchasing onions from farmers at USD 0.29/kg (INR 24/kg) for up to 200 thousand metric tons (mt). While this provides some relief, the broader impact of export duties on farmers' livelihoods must be carefully considered to achieve a balance between farmers' interests and overall economic sustainability. In a related context, Indian farmers are protesting the 40% export duty on onions, seeking a reduction to boost their export profits and secure better returns.
In Pune, three trucks arrived with prices ranging from USD 9.69 to 10.90/40kg (INR 800 to 900/40kg), depending on quality, size, skin, and color. In Nashik, nine trucks arrived with prices ranging from USD 9.69 to 11.51/40kg (INR 800 to 950/kg), depending on quality, size, skin, and color. In the Madhya Pradesh (MP) market, nine trucks arrived, with prices varying from
USD 9.08 to 10.90/40kg (INR 750 to 900/40kg), based on quality, size, skin, and color. Furthermore, in Rajasthan 15 trucks arrived with a price of USD 10.90/40kg.
Government entities also participated in the market, at the National Agricultural Cooperative Marketing Federation (NAFED), eight trucks arrived with prices ranging from USD 8.46 to 10.28/40kg (INR 700 to 850/40kg) at their shops, with a mid-range quality.
In addition, at the National Cooperative Consumers Federation of India Limited (NCCF), three trucks arrived with prices from USD 8.48 to 10.29/40kg (INR 700 to 850/40kg) through a tender process, offering better quality than NAFED.
In Nashik and Mumbai markets, onion prices ranged from USD 0.19 to 0.28/kg (INR 16 to 23/kg), depending on quality, size, skin, and color.
The recent imposition of a 40% export duty on onions has caused significant price drops in the market. This measure was unexpected and impacted farmers who were anticipating higher prices. To counter this, the government has committed to purchasing onions from farmers at USD 0.29/kg (INR 24/kg) for up to 200 thousand metric tons (mt). While this provides some relief, the broader impact of export duties on farmers' livelihoods must be carefully considered to achieve a balance between farmers' interests and overall economic sustainability. In a related context, Indian farmers are protesting the 40% export duty on onions, seeking a reduction to boost their export profits and secure better returns.
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