FTP -Onions - Minimum Export Price Reduced
"THE price of onion in local market is likely to cool down as the Indian government on Friday slashed the minimum export price of onions at USD 400 per tonne from USD 700.”, reported the Dhaka Tribune yesterday.
Government has reduced the Minimum Export Price (MEP) for export of all varieties of onions from USD 700 F.O.B. per MT to USD 400 F.O.B. per MT. This was increased from 425 to 700 dollars in August 2015.
DGFT Notification No.26/2015-2020, Dated: December 11, 2015