Ban on Export of Onions Lifted
GOVERNMENT has lifted the ban on export of onions. Export of all varieties of onions is now allowed. Onions can now be exported subject to a Minimum Export Price (MEP) of USD 475 per tonne. This is exactly the position that was prevailing on 8th September 2011, immediately before the ban on the export of onions was imposed on 9th September 2011, by Notification No. 73(RE-2010)/2009-14.
Commerce Secretary Rahul Khullar said that, MEP will be reviewed every fortnight and a close watch would be kept on domestic arrivals, total exports, overall domestic availability and domestic prices.
The immediate response will be a hike in price of onions in the domestic market. Traders are happy while onions will bring in more tears for the consumers. One happy country would be Bangladesh, which gets 75 percent of its onions from India. After the Indian Government banned the export of onions, Bangladesh was trying to get onions from Turkey. Now they can move back to India.
Notification No. , Dated: September 20, 2011