date:Oct 31, 2023
This weekend, the Indian government imposed a minimum export price (MEP) of $800 per ton on onion exports till December 31 this year, hoping to increase the availability of the vegetable in the domestic market and contain prices. The decision will come into effect from October 29.
Besides, the government has also announced the procurement of additional 200,000 tons of onions for the buffer, over and above the 500,000 tons already procured. The MEP is there for all varieties of onion except Bang