India bans onion exports till March
image for illustrative purpose
New Delhi: The government has banned exports of onion till March next year with a view to increase domestic availability and to keep prices in check. “Export policy of onions is amended from free to prohibited till March 31, 2024,” the Directorate General of Foreign Trade (DGFT) said in a notification.
Local vendors in the national capital are selling onions at Rs70-Rs80 per kg. Earlier, the Centre in October had decided to step up the sale of buffer onion stock at a subsidised rate of Rs25 per kg in retail markets in order to provide relief to consumers.
To control prices, the government has earlier taken several steps. It had imposed a minimum export price (MEP) of $800 per tonne on onion exports on October 28 till December 31 this year. In August, India had imposed a 40 per cent export duty on onions up to December 31.
