FTP - Export Policy - Onions - MEP reduced to 800 USD
GOVERNMENT has amended the para 2 of Notification No.03(RE-2012)/2009-14 dated 29.06.2012 read with Notification No.49(RE-2013)/2009-14 dated 01.11.2013 with immediate effect.
Export of all varieties of onions will be subject to a Minimum Export Price (MEP) of USD 800 per MT. It was 1150 USD in September.
Onions can decide the fate of the political parties during elections. At least in Delhi, with onions going beyond the reach of the aamaadmi (mango man), the Congress must have paid the price and the aamaadmi must have reaped the benefits. Elections are over and onion prices are down including the MEP.
DGFT Notification No. 57 (RE-2013)/2009-2014,Dated: December 16 2013