Begin typing your search above and press return to search.
Schools breeding hatred
access_time 14 Sep 2023 10:37 AM GMT
access_time 16 Aug 2023 5:46 AM GMT
May that spark not be extinguished
access_time 2 Dec 2023 8:55 AM GMT
A Constitution always in the making
access_time 27 Nov 2023 11:43 AM GMT
Debunking myth of Israel’s existence
access_time 23 Oct 2023 7:01 AM GMT
Homechevron_rightBusinesschevron_rightCentre imposes minimum...

Centre imposes minimum export price of $800 per metric tonne on onion

Centre imposes minimum export price of $800 per metric tonne on onion

New Delhi: The government on Saturday notified a minimum export price (MEP) of $800 per metric tonne on onion export with effect from October 29 till December 31, 2023.

The measure has been taken to ensure sufficient availability of onions to domestic consumers at affordable prices as the quantity of Rabi 2023 onions in storage has been declining.

The MEP of $800 per metric tonne translates into about Rs 67 per kg.

Along with the decision to impose MEP on onion exports, the government has also announced the procurement of an additional 2 lakh tonnes of onion for the buffer, over and above the 5 lakh tonnes already procured.

Onion from the buffer has been disposed of continuously from the second week of August in major consumption centres all over the country and also supplied to retail consumers at Rs 25 per kg through mobile vans operated by NCCF and NAFED.

To date, about 1.70 lakh metric tonnes of onion have been disposed from the buffer.

The continuous procurement and disposal of onion from the buffer are undertaken to moderate the prices for consumers while ensuring remunerative prices to the onion farmers.

Show Full Article
TAGS:India Newsonion export dutyBusiness News
Next Story