FTP - Onions - Minimum Export Price
BY Notification No. 73 dated 12.03.2014, the export policy for onions was made FREE. In September 2013, the Minimum Export Price stipulated for onions was 1150 USD, which was reduced to 150USD in December 2013.
Inflation is a major issue for the new Government. The Finance Minister, Arun Jaitley yesterday convened a high level meeting to discuss issues related to inflation and price rise of essential commodities. Keeping in mind the increasing trend in the price of onions, Government has imposed a minimum export price (MEP) of USD 300 per MT on the export of onions. This is expected to have a salutary impact on the availability of onions in the domestic market.
DGFT Notification No. 82(RE-2013)/2009-2014, Dated: June 17, 2014