No MEP for Export of Onions
GOVERNMENT has removed the Minimum Export Price stipulation for export of onions which was USD 150 per MT with effect from 26.12.2013. This was 1150 USD in September. Now that onion prices have come down, Government has reacted and removed the Minimum Export Price. This has no immediate impact, as the current price is almost around 150 dollars. In summer onion crop in the country is expected to go up substantially and the prices will come down further and at that time if there are no exports, farmers are going to be badly affected. In June, we will be having a new Government and perhaps it may not be possible to take a decision. So, the wise men in Government must have done this to avoid a future crisis.
DGFT Notification No. 72/(RE-2013)/2009-2014, Dated: March 04, 2014