Government lifts ban on onion export, minimum export price $550 per tonne

Amid the ongoing Lok Sabha elections in the country, the government on Saturday lifted the ban on onion export, but fixed the minimum export price (MEP) at $ 550 per tonne.

The export policy of onion has been revised with immediate effect and till further orders, the Directorate General of Foreign Trade (DGFT) said in a notification that onion has been exempted from the restriction under MEP of $550 per tonne.

The government had last night imposed 40 percent duty on onion exports. In August last year, India had imposed 40 percent export duty on onion till December 31, 2023. On December 8, 2023, the government had banned the export of onion till March 31 this year.

In March, the export ban was extended until further orders. The Union Agriculture Ministry had released onion production figures in March. According to the data, onion production in 2023-24 (first advance estimate) is expected to be around 254.73 lakh tonnes compared to last year’s around 302.08 lakh tonnes.

According to the data, production has decreased by 34.31 lakh tonnes in Maharashtra, 9.95 lakh tonnes in Karnataka, 3.54 lakh tonnes in Andhra Pradesh and 3.12 lakh tonnes in Rajasthan. Farmers of Maharashtra had protested against the export ban. Last month, Congress had accused the Narendra Modi government of neglecting Maharashtra farmers due to the ban on onion exports.

Disclaimer: CricketInFocus has not edited this news. This news has been published from PTI-language feed.

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