Twitter

Facebook

Youtube

RSS

Hindi News | Samay | UP/Uttarakhand | MP/Chhattisgarh | Bihar/Jharkhand | Rajasthan | Aalami Samay
  Aalami Sahara Rashtriya Sahara Roznama Sahara
Centre bans onion export to control domestic prices
IANS
New Delhi
Last Updated : 15 Sep 2020 03:40:24 PM IST
Centre bans onion export to control domestic prices
Centre bans onion export

 

With an increase in onion prices in the country, the central government has 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.
 
At present, the retail price of onions is above Rs 40 per kg in Delhi and neighbouring areas. On Monday, onion prices at the Azadpur wholesale market ranged from Rs 13.75 to Rs 27.5 per kg.
 
According to a notification issued on Monday by the Directorate General of Foreign Trade under the Ministry of Commerce and Industry, the export of all varieties of onions has been banned with immediate effect. The notification said that provisions of transitional agreements will not apply under this notification.
 
Market experts say that onion exports from April to July 2020 went up by nearly 30 per cent compared with the previous year. Onion prices may witness another hike as heavy rains across south India have damaged standing onion crop.
 
Rajendra Sharma, General Secretary, Azadpur Mandi Potato Onion Merchant Association (POMA), said that the export ban was a good decision to put an end to increasing onion prices. Due to crop failure in south India, there is shortage of onion supplies and hence the Union government should focus on import as well, Sharma added.
 
During the festive season last year, onion prices had skyrocketed. In different parts of the country, including Delhi, onions were sold at Rs 150 per kg. This forced the government to adopt various measures, including the decision to import onions from abroad as well as export restrictions.
 



For Latest Updates Please-

Join us on

Follow us on

Post Your Comment (0 posted):
Post your comment Post Your Comments
Your name :
Your e-mail address :
Your website :
Add your comments :
Please enter the code you see in the image:
Code

Thirty-seven years after he committed a crime, Raghunath Singh, a resident of Uttar Prade

Babil Khan on Tuesday shared a few pictures of the resting place of his father, late actor

LG Electronics Inc said on Wednesday that it will introduce new C with its artificial inte

 

Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live

172.31.16.186