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.
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