News

Egypt Exports 18,000 Tonnes of Onions to India Amid ‘Onion Crisis’

Egypt Exports 18,000 Tonnes of Onions to India Amid ‘Onion Crisis’

onions

Egypt has exported 18,000 tonnes of onions to India in just two months as onion prices continue to surge following heavy unseasonable rains in India’s onion producing states.

According to The Times of India, onion prices have been trading at 60-70 Indian rupees ($US 0.90-1.00/EGP 7.20-8.41) as a shortage of onions led to a ‘crisis’. Crops had been damaged following heavy rains, leading to high prices due to the lack of onions to meet the demands of the 1.25 billion strong population.

As a result of the shortage, Indian imports of onions from Egypt during the months of August and September 2015 reached 18,000 tonnes. A similar amount is expected to be exported to India in the coming two months, according to a statement cited by the Times of India.

This is the first time India, which also imports oranges, has imported such high quantities of onions from Egypt. The Times of India reported that in 2014-2015, India imported just 576 tonnes of onions from Egypt.

Strengthening Bilateral Ties

In August, Sushma Swaraj, External Affairs Minister of India, met with President Abdel Fattah al-Sisi during her visit to Cairo.

According to the Indian Embassy in Egypt, India is considered to be Egypt’s seventh largest trading partner and second largest market for Egyptian exports.

The volume of Indo-Egyptian bilateral trade has witnessed significant growth between the fiscal years 2002-2003 and 2011-2012, which started at $US 727.62 million and exponentially grew to $US 4.3 billion, records the Indian Embassy in Egypt’s website.

In March of 2013, following ousted President Mohamed Morsi’s visit to India, renewed trade relations were fueled by holding the first meeting for the India-Egypt Joint Trade Committee. By the end of the fiscal year 2012-2013, bilateral trade between the two countries had jumped to $US 5.45 billion, according to the Indian daily, The Economic Times.

According to The Economic Times, the size of Indian investment in Egypt has approached $US 3 billion, spanning over 50 Indian ventures.

Banksy's Dismantled Dismaland to Shelter Migrants in Calais
Egypt Votes Against UN Resolution on Abolishing Death Penalty

Subscribe to our newsletter


News

More in News

22.jpg.crop_display

Cairo Court Lists Egyptian Football Legend Aboutreika on Terror List

Egyptian StreetsJanuary 19, 2017
32385636795_e6f5d7101d_z

Egypt Secure Spot in Knockout Stage at 2017 Handball World Championship

Egyptian StreetsJanuary 19, 2017
1073779_big-lnd

Egypt’s Essam El-Hadary Makes African Cup History

Egyptian StreetsJanuary 18, 2017
pol

Eight Policemen Killed in Attack in Egypt’s New Valley

Egyptian StreetsJanuary 17, 2017
Tiran Island

Egypt High Court Declares Void Transfer of Tiran and Sanafir to Saudi Arabia

Egyptian StreetsJanuary 16, 2017
Top-best-hd-wallpapers-dubai-skyline-hd-wallpapers-imagen-by-balamuda

Egyptians Invest EGP 13 Billion in Dubai Real Estate in 2016

Egyptian StreetsJanuary 15, 2017
A pharmacist searches for medicine at a pharmacy in Cairo, Egypt, November 17, 2016. REUTERS/Mohamed Abd El Ghany

Medicine Prices in Egypt Increased by up to 20%

Egyptian StreetsJanuary 13, 2017
Navy officers appear to be handing out water bottles to a group of refugees who were prevented from illegally migrating in September 2015. Credit: Military Spokesman

Egypt Prevents 12,192 from Illegally Migrating in 2016

Egyptian StreetsJanuary 12, 2017
Egyptian Streets is an independent, young, and grass roots news media organization aimed at providing readers with an alternate depiction of events that occur on Egyptian and Middle Eastern streets, and to establish an engaging social platform for readers to discover and discuss the various issues that impact the region.

© 2016 ES Media UG. All Rights Reserved.