India exported 87000 tonnes of onion during Jan-Feb 2021 : Tomar (ld)
India exported exported 11.50 lakh tonne of onion at a value of Rs 2,320.70 crore in 2019-20. The All India average retail prices of onion in December, 2020 was Rs. 44.33/kg whereas during January 2021 and February 2021 the prices have been Rs. 38.59/kg and Rs 44.08 /kg, respectively, he added.
Tomar said the government has approved for creation of a buffer stock of 2 lakh tonnes of onion for 2021-22 under the Price Stabilisation Fund (PSF).Government released onion from the buffer stock of 1 lakh tonnes created from Rabi-2020 onion in a calibrated manner to moderate prices of onion since September, 2020. Government imposed ban on onion export w.e.f. 14th September, 2020. The government also invoked the EC Act and imposed stock limit of 25 tonnes for wholesaler and 2 tonnes for retailer w.e.f. 23.10.2020. With the arrival of Kharif onion, the Government conveyed approval for procurement of one lakh tonnes of onion Kharif 2020 to recoup the buffer for further retail intervention, said the Minister. India imported a total of over 65,546 tonnes of onion from October to the end of December, he informed the House.
--IANS pj/ash