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

Egypt’s Prosecutor-General Launches Investigation into Fairmont Gang Rape

Egyptian StreetsAugust 5, 2020

Egypt Expresses Solidarity After 100 Killed, 4,000+ Injured in Beirut Explosion

Nadia SalemAugust 5, 2020

Government Launches Local Goods Website to Boost Consumer Spending

Nadia SalemAugust 3, 2020
Ramy Youssef. Image courtesy of @Ramy on Instagram.

Egyptian-American Series Ramy Snags Three Emmy Nominations

Noran Alaa MorsiJuly 29, 2020

Anti-Harassment Egyptian Instagram Account Assault Police Forced Into Silence Due to Threats

Egyptian StreetsJuly 29, 2020

Two TikTok Influencers Sentenced to Two Years in Prison for Violating Family Principles

Egyptian StreetsJuly 27, 2020

Egyptian Racists Sentenced to Two Years Imprisonment for Bullying 14-Year-Old Sudanese Boy

Egyptian StreetsJuly 27, 2020

COVID-19 Deaths Edge Closer to 5,000 in Egypt: Ministry of Health

Egyptian StreetsJuly 26, 2020