Page 3 - Minimum Export Price News Today

On December 8, the Centre banned onion exports till March 31 next year to increase domestic availability and keep prices under check. This has led to protests by onion farmers in Maharashtras Nashik district.

Onion prices have started inching up amid reports of lag in onion coverage in the ongoing kharif season.

Last week, the govt banned onion exports till March next year after the retail sales price of the kitchen staple crossed Rs 80 per kg in the national capital and the prices in mandis remained around Rs 60 per kg

The government expects onion prices to fall below Rs 40 per kilogram by January from the current average price of Rs 57.02 per kilogram, Consumer Affairs secretary Rohit Kumar Singh said on Monday. Last week, the government banned onion exports till March next year after the retail sales price of the kitchen staple crossed Rs 80 per kg in the national capital and the prices in mandis remained around Rs 60 per kg. To a query on when the onion prices are expected to fall below Rs 40 per kg, Singh ...

Last week, the government banned onion exports till March next year after the retail sales price of the kitchen staple crossed Rs 80 per kg in the national capital and the prices in mandis remained around Rs 60 per kg. To a query on when the onion prices are expected to fall below Rs 40 per kg, Singh said, "very soon... January".

Last week, the government banned onion exports till March next year after retail price crossed Rs 80 in several markets to put a lid on the sharp price rise of the vegetable.

The government had earlier taken measures in August, imposing a 40 percent duty on onion exports until December 31, 2023.

Soon after the decision to ban the exports till March 31, 2024, prices of onion saw a sharp correction in the wholesale markets in Nashik.

On Friday, the all-India daily average retail price of wheat was Rs 30.96/kg, 1.18% higher than last year’s Rs 30.6/kg.

Bharat Digole, president of the Maharashtra State Onion Producers’ Organisation, said the firming of prices shows that the government procurement has neither benefited the farmer nor the consumer.