Page 7 - Minimum Export Price News Today

NEW DELHI — The weighted average price of onion in Maharashtra across all the markets has declined by 4.5 per cent and similar decline was observed in

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Government will procure 200,000 tonnes of vegetable in addition to already bought stock

NEW DELHI, Oct. 29 (Xinhua) -- The Indian government has notified a Minimum Export Price of 800 U.S. dollars per ton on onion exports to contain soaring prices in the domestic market,

​The DGFT notification indicates that the export poicy change will go into effect starting Sunday, October 29. The notification also laid out exceptions to the new regulation, stating that onions designated for export and already handed over to Customs are exempt as well shipments for which export duty has been paid before the notification was sent out.

This move aims to regulate onion exports and ensure an adequate supply of this essential commodity in the domestic market, which has been experiencing increased prices. The new export policy, as per the DGFT announcement, is set to be effective from Sunday, October 29., Business News, Times Now

The move comes as onion prices continue to escalate, currently ranging between Rs 65 and Rs 80 per kilogram in the retail market of the national capital, Delhi.

Onion prices have further risen to ₹65-80 per kilogramme in the retail market of the national capital on lower supply. | Latest News India