India: Onion exports up 64% in FY23
Food & Beverages
Onion exports jumped 64 per cent in volumes to hit a six-year high at 2.53 mln tons during 2022-23 on strong overseas demand and higher supplies. In value terms, onion shipments were up 22 per cent at $561 million over the previous year. Shipments rose on higher purchases by large buyers such as Bangladesh, Malaysia, United Arab Emirates and Sri Lanka.
Ajit Shah, President, Horticulture Produce Exporters Association said exports prospects for the current year look good. However, due to the unseasonal rains, there is a lot of damage to the cargo. “Onion is available in plenty, but the good quality produce is less. Presently, the market is down because of the higher availability of poor grades and rain damaged produce in the market. How much of this can be exported, we have to wait and see.” Shah said. In 2022-23, Bangladesh continued to be the largest buyer of Indian onions at over 670,000 tons, followed by United Arab Emirates at 403,000 tons, Malaysia at 393,000 tons and Sri Lanka at over 270,000 tons.