Govt bars onion export
The steps come amid anticipated lower output of food items due to a patchy summer monsoon and drought in some states. | Latest News India
Stay updated with breaking news from Onion Export. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The steps come amid anticipated lower output of food items due to a patchy summer monsoon and drought in some states. | Latest News India
Onion prices started to climb in Maharashtras Pimpalgaon and Lasalgaon wholesale markets, Asias largest, in the second week of August. However, they shot through the roof in October, just after the end of Navratri, crossing Rs 85 per kg in some markets.
A minimum export price (MEP) of $800 per tonne on a freight-on-board basis will be applicable on onion effective October 29 and remain in force until December 31 | Latest News India
This comes after the 40 per cent export duty imposed in August, and is directed to improve domestic availability of onions in the country.
The government on Saturday imposed a minimum export price (MEP) of USD 800 per tonne on onion exports till December 31 this year with a view to increase availability of the vegetable in the domestic market and contain prices.