Saturday, 11 Jul 2020
Onion prices may rise in coming weeks

Onion prices may rise in coming weeks

As per traders in Oman’s Mawaleh Central Fruits and Vegetables Market, supplies from India account for a considerable portion of the total onion consumed in the nation. And any provide disruptions from India will have an effect on the prices.

Acting more than the reports of surge in the prices, Indian government on Sunday banned export of onions, a extremely frequent ingredient in all cuisines in South Asia, as seasonal shortage along with floods in numerous important generating places pushed the prices up in numerous cities.

In the final monetary year that ended on March 31, 2019, Oman imported about 75,000 tonnes of onions straight from India.

Besides direct imports, a considerable quantity of the bulb is also imported from Dubai by means of roads, according to the information supplied by India’s farm export monitoring physique Agricultural and Processed Food Products Export Development Authority (APEDA)

“Currently, around 100-150 trucks of onion arrive every week to various markets in Oman. So far, there is no shortage as significant quantities of onion are lying in various ports and neither there are any reports of shortage in the neighbouring UAE,” stated a wholesale dealer primarily based in the Mawaleh industry. Traders think the effect of India’s ban will be a lot more visible from subsequent week when stocks presently obtainable at numerous warehouses and storages will dry out, and fresh supplies will not be capable to replenish them.

Traders also say some shortages can be met by means of imports from Pakistan.

But with a production of just more than 1.8mn tonnes per annum, Pakistan’s provide may not be adequate to replace about 3mn tonnes of the crop exported by India.

As per APEDA, India exported about 600,000 tonnes of onion to Gulf nations. UAE topped the list accounting for roughly 40-45 per cent of the total onion imported in the area.

Information Source: Muscat Daily

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