Welcoming India’s decision to ease onion exports, Sri Lankan importers on Saturday said they will buy 30,000 tons of the bulb from it to augment supplies in the domestic market.
“Our agents are already waiting at the Tuticorin and Chennai ports in India for buying the onion on hopes of lifting of restrictions and we will import 30,000 tons of onion by December,” an Essential Commodities Importers Association spokesman said.
Sri Lanka had recently imported 20,000 tons onion from China, but the long transition period caused damages to the commodity, traders pointed out.
The Indian Government has withdrawn the ‘export licence’ restriction for overseas sale of onion, as the prices of commodity have started to soften in the domestic market.
The Director General of Foreign Trade (DGFT) has notified that exports of onions could be undertaken after getting the no-objection certificate from NAFED and 12 other state trading agencies (STEs).
Onion exports from India have plummeted by 44 per cent during last month to 22,500 tons as compared to 40,490 tons in the previous month. Times of India
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