Govt sets minimum export price of $800 per metric tonne for onions amid surging prices
Op IndiaThe Union Ministry of Consumer Affairs, Food & Public Distribution on 28 October notified a Minimum Export Price of USD 800 per Metric Ton for the export of onions to ensure enough supply for the domestic market. The measure has been taken to maintain sufficient availability of onion to domestic consumers at affordable prices as the quantity of stored rabi 2023 onion is declining by curbing the quantity of onion exports. The ministry added that 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 ₹25/kg through mobile vans operated by NCCF and NAFED. The ministry added that the decision to impose an MEP of USD 800 per MT shows the determination of the Government to keep onion affordable to domestic consumers.