Centre imposes minimum export price of USD 800 per tonne on onion till Dec 31

As the national capital reeling under soaring prices of onion that have further risen to Rs 65-80 per kg in the retail market, the government on Saturday imposed a minimum export price (MEP) of USD 800 per tonne on onion exports till December 31 this year with a view to increase the availability of the vegetables in the domestic market and contain prices."Exports on onion is free. MEP of USD 800 FOB (free on board) per tonne is imposed till December 31, 2023," the Directorate General of Foreign Trade said in a notification.Onion prices have further risen to Rs 65-80 per kg in the retail market of the national capital on lower supply. Mother Dairy, which has around 400 Safal retail stores in the Delhi-NCR, is selling loose onions at Rs 67 per kg. E-commerce portal Bigbasket is selling at Rs 67 per kg, while Otipy at Rs 70 per kg.Local vendors are selling onions at ₹80 per kg.With PTI inputs.