CURRENT AFFAIRS
CURRENT AFFAIRS
Description
In response to pleas from friendly countries such as Bangladesh, the United Arab Emirates, Bahrain, Mauritius, and Bhutan, the Indian government has approved onion exports. India, a major global supplier of onions, imposed a ban on onion exports in December 2023, causing prices to skyrocket in these countries.
Export Quotas To The Respective Countries
India has committed to export 50,000 tonnes of onion to Bangladesh, 550 tonnes to Bhutan, 3,000 tonnes to Bahrain, 1,200 tonnes to Mauritius, and 14,400 tonnes to the UAE. These countries rely heavily on Indian onions to meet domestic demand, and the export prohibition has had a significant impact on their markets, resulting in price increases and inconvenience.
Government Measures To Control Onion Prices
Recognizing the political sensitivity and essential nature of onions in Indian households, the government has taken several steps to stabilize prices. These measures included imposing export taxes, setting minimum export prices, and ultimately enforcing a complete export ban due to anticipated declines in production during the rabi season.
Onion Season In India
India’s onion cultivation occurs primarily during the Rabi (winter), Kharif, and late Kharif (summer/monsoon) seasons. The Rabi season, which yields around 72-75% of India’s onion production, witnesses harvesting between April and May. Onions harvested during this season have a longer shelf life and are crucial for maintaining year-long supplies.
Government Initiatives To Increase Onion Buffer Stock
To assure stable onion supplies, the Indian government plans to purchase 5 lakh tonnes of onions for the 2024-25 buffer stock. The National Agricultural Cooperative Marketing Federation (NAFED) and the National Consumer Cooperative Consumers Federation of India Limited (NCCF) have been designated as procurement agency for this purpose.
Onion Production Landscape In India
India is the world's second-largest onion-growing country, with Maharashtra producing the most, followed by Madhya Pradesh, Karnataka, and Gujarat. India became the world's top onion exporter in the fiscal year 2022-23, shipping considerable quantities to Bangladesh, Malaysia, the United Arab Emirates, Sri Lanka, Nepal, and Indonesia.
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