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India has lifted the ban on onion exports after almost six months. The Directorate General of Foreign Trade set the Minimum Export Price at $550 per tonne. Onions have historically influenced India's political landscape during elections.
Trade tensions near Nagpur impact onion and cotton, affecting orange growers and cotton farmers in Vidarbha. Export policies and market fluctuations pose challenges, prompting farmers to seek alternative solutions like pulp factories amid the crisis.
NCP's Sharad Pawar criticizes PM Modi govt for allowing white onion export from Gujarat. BJP's Fadnavis welcomes decision, says it will help Maharashtra farmers.
The offer rate of NCEL to the buyers takes into account the prevailing prices in the destination market and also international and domestic markets.
The government has extended the export ban on onion till further orders to increase domestic availability and keep its prices under check. Earlier, it was