Onion Export Registers 10-Year High in 2016-17

Indian exports of onions play a crucial role in balancing the domestic price of the produce in the wholesale markets. India consumes almost 90 per cent of the home-grown produce, but 10 per cent export is necessary to prevent a price crash.

Exports had virtually stopped in 2014 due to the Central government’s decision to increase the minimum export price (MEP) in view of the steep increase in onion prices. Since 2015, the exports of onions have seen a steady rise and at the end of the financial year 2016-17, 34.92 lt of the bulb was exported out of the country. 

The major export destinations for Indian onion are:

1. The United Arab Emirates (UAE)

2. Sri Lanka

3. Singapore

4. Malayasia

5. Russia

Over the last two weeks, prices of onions have seen a spike, with the Lasalgoan market recording an average price of Rs 12 per kg. This price rise was temporary and will remain till the Kharif crop arrives early September. Market sources pointed out that the price rise was due to stockists wading in the market in anticipation of a shortage in the future. Agriculture analyst Deepak Chavan supposed that the rise in price is due to fundamental market forces.  This price system is going to keep the country on a high level on the international market giving the chance to sign new trade agreements.

Top 10 Thailand’s Exports

Thailand's exports, among various other factors, played a crucial role in the country’s recovery from the 1997-1998 Asian financial crisis.

As an export-driven country, Thailand relies heavily on trade partnerships with other countries to keep its economy alive and well. The main destinations for Thailand’s exports are the rest of Asia, Europe and the USA. The country ranks high among the world's automotive export industries and electronic goods manufacturers. It is the world's largest exporter of several food and agricultural products, such as rice, shrimps, tapioca and sugar.

Other top Thai exports are the following:

1. Rubber and Rubber Products

2. Machinery and Mechanical Appliances

3.Prepared Food Items

4. Fish, Crustaceans and Aquatic Invertebrates

5. Agricultural Products

6. Jewelry

7. Computers

8. Smartphones

9. Oils

10. Textiles and Textile Articles

Nigeria Starts Yams Exports to Strengthen Economy

Nigeria began to export yams to Europe and the United States, as part of moves to diversify its oil-dependent economy and earn much-needed foreign exchange.

Agriculture minister Audu Ogbeh flagged off the first consignment of the fibrous tuber from the port in the country’s economic capital, Lagos.

According to the UN Food and Agricultural Organization (FAO), Nigeria accounts for 61 per cent of the world’s total yam output.

Yams, a staple grown across Nigeria, have gone up in price since last August when the country slipped into recession as a result of low global oil prices.

Nigeria relies on crude oil sales for 90 percent of foreign exchange earnings and 70 percent of government revenue. But the worldwide oil slump slashed revenues, weakened the naira, pushed up inflation and stalled investment prompting the government to look to the non-oil sector to stem the tide. The yam export is going to strengthen the country’s economy and help it gain an important place in worldwide trade.

Happy Independence Day!

The future, progress, and development of the USA does not lie solely on technological improvement, but on how people build social cohesion and trust between American nation and its people. That way, we can build a great nation we all can rely on and be proud of.
Happy Independence Day!

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Grape Exports Surpasses Expectations!

Many California growers have found a profitable niche in table grape exports. Nowadays California exports about 60% of its crop, mostly to Asia and the South Pacific region. Scarlet royals, sweet scarlets, autumn royals and red globes are the state’s most popular export varieties.

One change shippers have noticed recently is a gradual transition from red globe grapes, a traditional favorite of foreign buyers, to the same varieties that have become favorites in the U.S. 

Exports are critically important to the overall health of the California table grape industry. California growers export to more than 60 countries. Targeted markets account for more than 97% of the total export volume. They include Asian markets like China, Japan, Hong Kong, the Philippines and European markets such as Germany, Ireland and the United Kingdom. Australia and New Zealand are also targeted.

California is also known for its high exports of:

1. Airplane Parts

2. Almonds

3. Diamonds

4. Wines

5. Petrol Oil

Vietnam is ready to establish new partnerships with Nigeria

The Nigerian-Vietnam Chamber of Commerce and Industry, NVCCI, is ready to partner with Vietnam investors in order to promote export of made-in-Nigeria products.

Disclosing this at the NVCCI secretariat in Lagos the President of NVCCI, Mr. Oye Akinsemoyin informed the participants that the Chamber seeks Nigerians who are able and ready to partner with Vietnamese investors and promote made in Nigeria products that meet the world’s standards that will be exported on the international market.

The new Vietnamese Ambassador to Nigeria, Pham Ahn Tuan responded that his mission in Nigeria was to extend the diplomatic relationship between the two countries which has been in existence since 1976 especially in the area of trade and investment.

The countries are focused on exporting the following Top Nigerian products:

1. Cocoa

2. Wood

3. Oil Seeds

4. Raw Hides

5. Ashes

6. Aluminum

7. Copper

8. Fish

9. Fruits, Nuts

10. Vegetables

Italy Aims to Export Lemons Worldwide in 2017

The Italian lemon harvest in Tamaulipas starts in 30 days. Tamaulipas is expected to export more than 30 thousand tons of these fruits to different markets, such as the United States of America and Europe.

The Italian lemons produced by Tamaulipas had strengthened in world markets, as in the previous period they had achieved selling 28 thousand tons of this product. Exports continue to increase, which allows Tamaulipas to become the main exporter of this product in the international market.

Italian lemons have excellent quality and a great value because of the importance it generates in the specialized markets where it is sent, mainly to the United States.

The economic spill generated by lemon exports strengthened the generation of new jobs in the state, as well as the modernization of the agricultural and value-added practices required for the certification demanded by this agricultural food sector.