Centre bans export of onions with immediate effect with aim to curb prices in domestic market
The move looks to ensure increased availability of the commodity at a time when wholesale price inflation for onion stood at (-) 34.48 percent in August
New Delhi: The government on Monday banned the export of all varieties of onions with immediate effect, a move aimed at increasing availability and curbing prices of the commodity in the domestic market.
"The export of all varieties of onions is prohibited with immediate effect," the Directorate General of Foreign Trade (DGFT) said in a notification.
The DGFT, an arm of the commerce ministry, deals with exports and imports-related issues. The provisions under transitional arrangement shall not be applicable under this notification.
In the national capital, onion prices were ruling at around Rs 40 per kilogram. Wholesale price inflation for onion stood at (-) 34.48 percent in August.
Maharashtra, Karnataka, Madhya Pradesh, Bihar and Gujarat are major onion producing states.
It may be noted that 40 percent of the country's total onion crop is produced in the kharif season and the rest during the rabi season. The kharif crop, however, cannot be stored.
Among the four metros, onion is being sold at Rs 76 per kg in the national capital, Rs 92 in Mumbai, Rs 100 per kg in Kolkata and Rs 80 per kg in Chennai
India, the world’s biggest seller of the Asian diet staple, has banned onion exports after extended monsoon downpours delayed harvests and supplies shrivelled
Wholesale onion prices fall below Rs 30 per kg at Lasalgoan after govt banned exports, imposed stock limit
Onion prices declined below Rs 30 per kg level at Lasalgoan in Maharasthra, Asia's largest wholesale market for the bulb crop, after the government banned export and imposed stock limit on traders