FTP - Export Policy of Onions - MEP at 1150 USD
GOVERNMENT has amended the para 2 of Notification No., dated: 29.06.2012 read with Notification No., dated: 19.09.2013 with immediate effect.
Export of all varieties of onions will be subject to a Minimum Export Price (MEP) of USD 1150 per MT. It was 900 USD in September.
Onions can decide the fate of the political parties during elections. At least in Delhi, Congress is now in deep trouble with onion prices beyond the imagination of aamadmi. How many grams of onions per day will the intellectual giants sitting in the Planning Commission allow an ordinary Indian to declare him above the magical poverty line? Onions are no more tear-jerking commodities - only their prices are.
DGFT Notification No. 49 (RE-2013)/2009-2014,Dated: November 01 2013