Export ban can be removed from onion after 6 months
Export ban can be removed from onion after 6 months

The government has decided to lift the ban on onion exports for almost six months, and this step has been taken in view of protecting the interests of onion farmers. For your information, let us tell you that due to bumper yield of onion in Rabi crop, its prices may fall. On the other hand, Food Minister Ram Vilas Paswan said in a tweet on Wednesday, "In view of the bumper crop of onions in the country and stable onion prices in the market, the government has decided to lift the ban on onion exports. Onion yields are estimated to be around 40 lakh tonnes in March this year, compared to 28.4 lakh tonnes in March last year.

The decision was taken at a meeting of the Group of Ministers (GoM) headed by Home Minister Amit Shah. Also, the decision to lift the ban will be effective after the notification in this regard by the Directorate General of Foreign Trade (DGFT). According to sources, the GoM on Wednesday also considered reducing or eliminating the Minimum Export Price (MEP) on onion to facilitate exports. Export of an article below the MEP rate is not permitted.

Paswan, Agriculture Minister Narendra Singh Tomar, Commerce Minister Piyush Goyal and Cabinet Secretary Rajiv Gauba were present in the meeting. It is noteworthy that in September 2019, the government banned onion exports and also imposed MEP of $ 850 per ton onion. Was. Apart from this, onion prices had gone up a lot due to the difference between demand and supply. Along with this, there was shortage of onions in major onion producing states including Maharashtra due to heavy rains and floods. At present, onions have started coming in small quantities in the mandis, it is likely to increase from mid-March.

Also Read: 

Impact of coronavirus on India, survey, CII released report

Share Market: Sensex falls by 143 points, Nifty also changes

Increase in the price of gold and silver, Know today's rate

Liquor businessman did scam of 1.5 crore rupees, arrested


Join NewsTrack Whatsapp group
Related News