As prices of the onion continued to soar across the country, the Centre on Sunday banned the export of the commodity to increase its availability in the domestic market. In a notification, Ministry of Commerce and Industry said it has amended export policy of onion from free to prohibited, which amounts to banning of all varieties of onions from export, with immediate effect. It said as the effect of this notification, the export of all varieties of onions is prohibited with immediate effect. The prohibition by the government comes amid rising prices of onions across the country. Earlier on September 13, the DGFT had imposed a minimum export price (MEP) of $850 per tonne (Rs 59,900) to curb its shipments and help bring down rising domestic prices.

Source: dna September 29, 2019 10:18 UTC