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Govt cuts onion export price by $50/tn

Govt cuts onion export price by $50/tnBS Reporter / New Delhi December 31, 2007The government has cut the minimum export price (MEP) of onion by $50 to $200 per tonne effective January 1, 2008. "Arrivals are heavy and prices have come down in all mandis. At Nasik, prices are as low as Rs 370-380 per quintal. The cut has been taken to provide support to the falling domestic prices," said Alok Ranjan, managing director, National Agricultural Cooperative Marketing Federation (Nafed), the agency that revises MEP on a monthly basis. In New Delhi, the modal price has come down to Rs 500 a ...