IANS | 30 Oct, 2023
The government on Saturday notified minimum export price (MEP) of
$800 per metric tonne on onion export with effect from October 29 till
December 31, 2023.
The measure has been taken to maintain
sufficient availability of onion to domestic consumers at affordable
prices as the quantity of stored Rabi 2023 onion is declining by curbing
the quantity of onion exports.
The MEP of $800 per metric tonne translates into about Rs 67 per kg.
Along
with the decision to impose MEP on onion exports, the government has
also announced the procurement of additional 2 lakh tonnes of onion for
the buffer, over and above the 5 lakh tonnes already procured.
Onion
from the buffer has been disposed continuously from the second week of
August in major consumption centres all over the country, and also
supplied to retail consumers at Rs 25 per kg through mobile vans
operated by NCCF and NAFED.
Till date about 1.70 lakh metric tonne of onion has been disposed from the buffer.
The
continuous procurement and disposal of onion from the buffer are
undertaken to moderate the prices for consumers while ensuring
remunerative prices to the onion farmers.