Onion exports decline 85% after Centre's minimum export price cap

The export price before the duty was levied was somewhere around $320 per tonne free-on-board (around Rs 2,650 per quintal)

Onion export from India slumped in the first 21 days of November this year as against the same month last year ever since the Centre notified a minimum export price (MEP) of $800 per tonne and also due to delay in harvest because of uneven weather.

The data sourced from private agencies shows exports, which were going down since the Centre imposed a hefty import tax of 40 per cent in August, further dropped after the MEP was imposed in late October.
 

In September, the data based on internal research by SilkRoute.ag, a global agritrade company based in Dubai, shows India