In the light of skyrocketing onion prices, the government has prohibited its export until further notice. “Export policy of onion for the item description at Serial Number 51 & 52 of Chapter 7 of Schedule 2 of ITC (HS) classification of Export & Import Items is amended from free to prohibited till further orders,“ the government said. In other words, “export of all varieties of onions, as described above, is prohibited with immediate effect”. PTI adds:The Centre also imposed a stock limit on traders to improve the domestic availability of the vegetable. Retailers can stock onion only up to 100 quintals and wholesale traders are allowed to keep up to 500 quintals, the Consumer Affairs Ministry said.

Source: The Hindu September 29, 2019 08:26 UTC