New Delhi: Government on Saturday lifted ban onion exportThe move will bring huge relief to traders in Maharashtra.This also happens before the next stage Lok Sabha electionEspecially in the onion growing belt of Maharashtra.
In a notification, the Directorate General of Foreign Trade (DGFT) has fixed the minimum export price (MEP) of onions at $550 per ton.
While onion exports have been included in the “prohibited” category, the government has been allowing limited exports after receiving requests from some countries including Bangladesh, Sri Lanka and the United Arab Emirates.
Onion traders and farmers, especially from Maharashtra, have been demanding the lifting of the ban, arguing that it will help farmers get better prices. But the government is not letting down its guard, worried that exports of key kitchen supplies could push up domestic prices.
In another move, the government on Friday waived import duties on desi chana (Bengali gram) until March 2025 amid signs of declining production.
The government has also extended the duty-free import of yellow peas for which entry orders are issued on or before October 31, 2024.
Chana prices in Delhi have increased by over 10% in the past month to Rs 6,300 per quintal as compared to Rs 5,700 in the previous month. Traders said India imports Bangladeshi grams from countries such as Australia and Tanzania.
The government has been keeping a close eye on the prices of staple food items as it is keen to ensure they do not rise while the country is in the midst of elections.
In a notification, the Directorate General of Foreign Trade (DGFT) has fixed the minimum export price (MEP) of onions at $550 per ton.
While onion exports have been included in the “prohibited” category, the government has been allowing limited exports after receiving requests from some countries including Bangladesh, Sri Lanka and the United Arab Emirates.
Onion traders and farmers, especially from Maharashtra, have been demanding the lifting of the ban, arguing that it will help farmers get better prices. But the government is not letting down its guard, worried that exports of key kitchen supplies could push up domestic prices.
In another move, the government on Friday waived import duties on desi chana (Bengali gram) until March 2025 amid signs of declining production.
The government has also extended the duty-free import of yellow peas for which entry orders are issued on or before October 31, 2024.
Chana prices in Delhi have increased by over 10% in the past month to Rs 6,300 per quintal as compared to Rs 5,700 in the previous month. Traders said India imports Bangladeshi grams from countries such as Australia and Tanzania.
The government has been keeping a close eye on the prices of staple food items as it is keen to ensure they do not rise while the country is in the midst of elections.
