FTP - Onions - No Minimum Export Price
GOVERNMENT had 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 by Notification No. 26/2015-20, dated 11.12.2015. This was increased from 425 to 700 dollars in August 2015.
Now the Government has done away with the MEP - Minimum Export Price. This is expected to boost exports. Onion prices have come down to less than ten rupees a kilogram in the domestic market.
DGFT Notification No.29/2015-2020, Dated: December 24, 2015