For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Onion Export Ban May Be Extended To February To Control Domestic Prices

By Staff
|

The current ban imposed on onion exports may be extended to February 2020 to curb the rise in domestic prices, a Reuters report said quoting an unnamed government official.

Onion prices have surged post the harvest of summer-sown crops when supplies were damaged or delayed by untimely rains.

Onion Export Ban May Be Extended To February To Control Domestic Prices
 

Despite the ban on exports implemented in September after rains and floods limited the supplies, especially in the state of Maharashtra, the largest producers of onions in the country, retail prices have been hovering between Rs 50 to Rs 100 per kg in the last two months across the country.

A PTI report quoting a senior government official said that private traders have placed their import orders and at least 1,000 tonnes of onions are expected to enter the country by the end of the month and another by next month.

Their shipments should also be smooth considering the liberalisation of phytosanitary and fumigation norms by the government on import of onion till the end of December.

The government has been taking steps to ease the prices, including the decision to import 1 lakh tonnes of onion through state-run MMTC, which has already invited bids for import of 4,000 tonnes. The ban on exports is expected to remain until prices on onions come down to a comfortable level.

Read more about: onion traders export import
Story first published: Wednesday, November 20, 2019, 11:52 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more