• UGI USER
  • Apr 08, 2024
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TRADERS LAMENT LOW-PRICED ONION EXPORTS TO UAE, ALLEGING UNFAIR PROFITS FOR IMPORTERS.

Why in the news?

Underpriced Indian onion exports to UAE amid a ban raise concerns about pricing fairness and windfall profits for importers.

Source:medium

Understanding the Traders’ Concerns Over Onion Exports to UAE:

Underpriced Exports:

  • Amid a ban on onion exports, the Indian government permitted shipments to the UAE.
  • Traders allege that the selling price in the UAE market is significantly lower than global prices.
  • Indian farmers receive minimal prices ranging from 12 to 215 rupees per kilogram, while onions are sold in UAE stores for over 120 rupees per kilogram.
  • The Centre allowed 24,400 tonnes of onion exports to the UAE amid the export ban.
  • The Commerce Ministry approved an additional 10,000 tonnes for export to the UAE, raising concerns over rate mismatches and windfall profits for UAE importers.
About AgriBazaar Portal:

  • AgriBazaar offers a harvest storage facility for farmers, ensuring convenience.
  • Ensures fair pricing and warehousing services.
  • Conducts quality testing of all stocks.
  • Provides a secure payment mechanism similar to a bank.
  • Includes withdrawal, deposit, RTGS/NEFT/IMPS facilities.

 

Source:

https://www.thehindu.com/news/national/onion-traders-cry-foul-over-underpriced-exports-to-uae/article68040330.ece#:~:text=Amid%20an%20extended%20ban%20on,windfall%20profits%20for%20selected%20importers