 "Onions, onion prices, onion export, onion import")
The government on Thursday imposed a minimum export price (MEP) of $850 per tonne on onions to increase domestic supplies and check rising prices.
MEP is the minimum rate below which exports are not allowed. Onion MEP was scrapped in December 2015.
In a notification, the Directorate General of Foreign Trade (DGFT) said: "Export of onions...shall be permitted only on letter of credit (LC) subject to a MEP of $850 per tonne till December 31, 2017."
Concerned over the rise in onion prices, Consumer Affairs Minister Ram Vilas Paswan in August had sought that MEP be imposed
MEP is the minimum rate below which exports are not allowed. Onion MEP was scrapped in December 2015.
In a notification, the Directorate General of Foreign Trade (DGFT) said: "Export of onions...shall be permitted only on letter of credit (LC) subject to a MEP of $850 per tonne till December 31, 2017."
Concerned over the rise in onion prices, Consumer Affairs Minister Ram Vilas Paswan in August had sought that MEP be imposed
