All posts tagged: Onion export

Govt lifts ban on onion exports; imposes minimum export price of USD 550/tonne | India News

Published by Parlour News

The government on Saturday lifted the ban on onion exports but imposed a minimum export price (MEP) of USD 550 per tonne, amid ongoing Lok Sabha elections in the country. Last night, the government imposed a 40 per cent duty on the export of onions. In August last year, India had imposed a 40 per cent export duty on onions up to December 31, 2023. “The export policy of onions is amended from prohibited to free subject to MEP of USD 550 per metric ton with immediate effect and until further orders,” the directorate general of foreign trade (DGFT) said in a notification. On December 8, 2023, the government banned export of onions from March 31 this year. In March, the export prohibition was extended till further orders. In March, the Union Agriculture Ministry released the data for onion production. As per the data, onion production in 2023-24 (First Advance Estimates) is expected to be around 254.73 lakh tonnes compared to around 302.08 lakh tonnes last year. This is due to a decrease of 34.31 …

Government lifts ban on onion exports; imposes minimum export price of $550/tonne

Published by Parlour News

Hard-working labourers unload onion bags at the bustling market in Puducherry on Tuesday. | Photo Credit: KUMAR SS The government on May 4 lifted the ban on onion exports but imposed a minimum export price (MEP) of $550 per tonne. The decision assumes significance as the commodity is politically sensitive and general elections are going on in the country. “The export policy of onions is amended from prohibited to free subject to MEP of $550 per metric ton with immediate effect and until further orders,” the directorate general of foreign trade (DGFT) said in a notification. Last night, the government imposed a 40% duty on the export of onions. In August last year, India had imposed a 40% export duty on onions up to December 31, 2023. Source link

After Over 4-Month Ban, Centre Allows Onion Exports To 6 Neighbouring Countries

Published by Webster

Representational Image New Delhi: The Centre on Saturday said it has allowed exports of 99,500 tonnes of onions, mainly sourced from Maharashtra, to six neighbouring countries despite the ban on shipments. The Centre has also allowed exports of 2,000 tonnes of white onion cultivated, especially, for export markets in the Middle East and some European countries. On December 8, 2023, the government banned export of onions. In an official statement, the Ministry of Consumer Affairs, Food & Public Distribution said the government has “allowed export of 99,150 tonnes of onion to six neighbouring countries of Bangladesh, UAE, Bhutan, Bahrain, Mauritius and Sri Lanka”. The export prohibition has been imposed to ensure adequate domestic availability against the backdrop of estimated lower Kharif and Rabi crops in 2023-24 compared to the previous year. The ban was imposed amid an increase in demand in the international market, it added. The National Cooperative Exports Limited (NCEL), the agency for the export of onion to these countries, sourced the domestic onions to be exported through e-platform at L1 prices. NCEL …