SME Times News Bureau | 28 Dec, 2020
The Central government on Monday removed prohibition for the
export of all varieties of Onions with effect from 01.01.2021.
The Commerce ministry said this in a press statement.
With an increase in onion prices in
the country, the central government in September banned its export, which is expected
to bring the prices of the staple down.
Onion exports from the country had increased considerably
during the coronavirus pandemic, due to which domestic prices increased and
supply decreased within the country.
In
October, the Centre decided to give partial relief to onion exporters by easing
restrictions on certain varieties of the staple for foreign shipments.
In a tweet, Minister for Railways and Commerce and Industry
Piyush Goyal said: "Empowering farmers and increasing their income, the
government permits export of Bangalore Rose and Krishnapuram onions of up to
10,000 MT each."
Accordingly, 'Bangalore Rose' and 'Krishnapuram' varieties up
to 10,000 MT each were allowed for export, subject to certain conditions.
