The government on Saturday imposed a minimum export price (MEP) of $800 per tonne on onion exports till December 31 this year with a view to increase the availability of the vegetables in the domestic market and contain prices.

nd other vegetables at a local market, in New Delhi. File | Photo Credit: Sushil Kumar Verma

The government on Saturday imposed a minimum export price (MEP) of $800 per tonne on onion exports till December 31 this year with a view to increase the availability of the vegetables in the domestic market and contain prices.

“Exports on onion is free. MEP of $800 FOB (free on board) per tonne is imposed till December 31, 2023,” the Directorate General of Foreign Trade said in a notification.

Onion prices have further risen to ₹65-80 per kilogram in the retail market of the national capital on lower supply.

Mother Dairy, which has around 400 Safal retail stores in the Delhi-NCR, is selling loose onions at ₹67 per kg. E-commerce portal Bigbasket is selling at ₹67 per kg, while Otipy at ₹70 per kg.

Source: https://www.thehindu.com/