NEW DELHI: The Centre on Tuesday scrapped incentives on export of fresh and chilled onions to discourage overseas sales of the commodity following a steady rise in domestic prices. Under the Merchandise Exports from India Scheme (MEIS), sellers were given an export incentive of 10% of the free-on-board value of onion. The price of the politically sensitive vegetable has risen significantly following robust exports amid drought-like conditions in key growing states. In the national capital, onion has been retailing at 20-25 per kg depending on the variety. Meanwhile, key onion producing states -- Maharashtra, Karnataka and Andhra Pradesh -- have been struggling with drought conditions this year after poor monsoon rains in 2018.

Source: Mint June 11, 2019 13:41 UTC