New Delhi: The authorities on Saturday (October 28) imposed a minimum export price (MEP) of USD 800 per tonne on onion exports till December 31, 2023, aiming to extend the supply of vegetable within the home market and include costs. “Exports on onion is free. MEP of USD 800 FOB (free on board) per tonne is imposed till December 31, 2023,” the (*31*) General of Foreign Trade mentioned in a notification.
The costs of onion have risen additional to Rs 65-80 per kg within the retail market of the nationwide capital on decrease provide.
Mother Dairy, is promoting free onions at Rs 67 per kg. It has practically 400 Safal retail shops within the Delhi-NCR.
E-commerce portal Bigbasket is promoting at Rs 67 per kg, whereas Otipy at Rs 70 per kg. Local distributors are promoting onions at Rs 80 per kg.
Along with the choice to impose MEP on onion exports, the Government has additionally introduced the procurement of a further 2 lakh tons of onion for the buffer, over and above the 5 lakh tons already procured.
Onion from the buffer has been disposed of constantly from the second week of August in main consumption centres all around the nation and in addition provided to retail shoppers at Rs 25/kg by way of cell vans operated by NCCF and NAFED.
To date, about 1.70 lakh Metric Tons of onion have been disposed of from the buffer.
The steady procurement and disposal of onion from the buffer are undertaken to average the costs for shoppers whereas making certain remunerative costs to the onion farmers.
(With inputs from businesses)
