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Government imposes MEP on onion exports to tame domestic prices

Government has started taking these series of price control measures to tame onion prices, which have only recently turned remunerative for farmers after remaining subdued for more than a year.

, ET Bureau|
Sep 13, 2019, 03.29 PM IST
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Drought in Maharashtra, followed by floods in Maharashtra, Karanataka and a few other onion growing states have led to recent rise in onion prices.
PUNE: Government imposed minimum export price on onions on Friday as wholesale prices touched Rs 30/kg mark. It had issued tender to import 2000 tonne onions on Thursday.

Government has started taking these series of price control measures to tame onion prices, which have only recently turned remunerative for farmers after remaining subdued for more than a year.

At the Lasalgaon APMC in Maharashtra, which sets benchmark onion price, wholesale prices had ruled below Rs 10/kg for more than 12 months. Now they are in the range of Rs 15/kg to Rs 31/kg.

Drought in Maharashtra, followed by floods in Maharashtra, Karanataka and a few other onion growing states have led to recent rise in onion prices.

The government has set MEP at USD 850/tonnes. The imports of 2000 tonnes, a miniscule quantity not sufficient even for a few days requirement of the country, have to arrive into the country by end of November.

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