‘ MEP is so high, we won't be able to export'
Onion auctions resumed in wholesale markets in Nashik on Wednesday, after the ban on exports was lifted at an Empowered Group of Ministers (EGoM) meeting on Tuesday. Onion farmers and traders were on a 12-day strike demanding the ban on exports be lifted.
However, farmers and traders are still unhappy about the situation, as the Minimum Export Price (MEP) has been fixed at $ 475 whereas many international competitors were offering a lower price.
Speaking to The Hindu , Atul Shah a trader from Nashik said: “This is like cheating us.
The ban has been lifted but the MEP is so high that we won't be able to export anyway.” The MEP, before the ban, was $ 300.
However, the anger was not reflected in the Lasalgaon wholesale market today, which witnessed the auction of 9,150 quintals of onion. The average price was Rs. 1,100, a Lasalgaon Agricultural Produce Market Committee (APMC) administrator said.
“The markets have reopened today after 12 days, so the traders will buy and stock the onions.” said Narendra Wadhavne.
“But they will have a tough time exporting at the current rate,” said Narendra Wadhavne of the Lasalgaon Agricultural Produce Marketing Committee (APMC) .