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Government on Tuesday removed restrictions on onion exports by doing away with the minimum export price (MEP), a move aimed at boosting shipments.

"Requirement of MEP on export of onions stands removed," Directorate General of Foreign Trade (DGFT) said in a notification.

In December 2013, the MEP was reduced to $150 per tonne.

The government had imposed MEP
n onion in September 2013 and then it was raised several times to curb exports and boost domestic supplies as retail prices had shot up as high as Rs. 100 per kg in major parts of the country. The country had to even import onion to control price rise. MEP reduction has helped in checking exports, which fell to 11 lakh tonnes (LT) during April-January period of this fiscal against 18.22 LT in the same period in 2012-13.

India produces around 17-18 million tonnes of onion a year. It is an essential kitchen staple and also a politically sensitive commodity.
Sharp reduction in onion prices have led to removal of MEP. The retail price currently ranged between Rs. 15-20 per kg in the national capital.

With wholesale prices declining sharply due to bumper crop, farmers in producing states like Maharashtra have been protesting with demand for removal of export restrictions.

On Tuesday the Government minimum export price (MEP) aims to increase shipments by doing away with the ban on export of onion one step removed. "Onion export stands deleted the MEP 's," the Directorate General of foreign trade (DGFT) said in a notification. December 2013, MEP was reduced $ 150 per tonne. The Government had planted onions in 2013 September on MEP and then export it to curb and retail prices shot up as high as RS was to promote domestic supply was raised several times. The country's major parts 100 per kg. Countries to control price increases had to import onions. The MEP in 2012-13 in the same period this fiscal year against 18.22 lt April-January period fell to 11 million tons (LT) which has helped check the export. India onion produces around 17-18 million euros tonnes a year. It is an essential kitchen staple and it is also a politically sensitive commodity. Onion prices sharply reduction paves the way for the removal of the MEP. Retail price currently is between RS. National capital at 15-20 per kilo. Wholesale prices fall sharply due to a bumper crop for producing States such as Maharashtra, with farmers to remove export restrictions conflict with demand.


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Daily Export Import News - 04 March 2014

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Date News Title Source
04-03-2014 3 new SEZs proposed in state after two-year gap Times Of India
04-03-2014 Rupee recovers to 61.83 per dollar after opening lower Livemint
04-03-2014 Government to soon decide on FDI policy in railways: Anand Sharma NDTV
04-03-2014 Government removes minimum export price on onions NDTV
04-03-2014 Anand Sharma sees exports crossing $300-bn mark Business Standard
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