Onion MEP News
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MEP is the minimum rate below which exports are not allowed.
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MEP is the minimum rate below which exports are not allowed.
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Retail onion prices in the national capital have risen to Rs 38/kg as of today from Rs 22/kg in the year-ago period.
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The country's onion exports declined by 10 percent to 6.95 lakh tonnes during April-December period of the ongoing fiscal due to restrictions on outbound shipments.
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Know how the removal of minimum export price (MEP) will check falling prices of onions...
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In August, the government had hiked onion MEP to USD 700 per tonne.
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The decision to increase onion MEP to USD 700 per tonne from USD 425 is taken as prices of onions at both wholesale and retail levels have been rising on lower output due to unseasonal rains earlier.
Government on Friday increased sharply the minimum export price (MEP) of onion by USD 175 per tonne to USD 425 per tonne to ensure adequate domestic supply and contain price rise.
The government on Friday hiked the minimum export price (MEP) of onion to USD 425 per tonne to improve the domestic supply and curb prices.
The government has slashed the minimum export price (MEP) of onion by USD 50 per tonne to USD 250 per tonne, a move which would help in encouraging exports of the commodity.
The government Wednesday reduced the minimum export price (MEP) of onion to USD 350 per tonne following improvement in domestic supply situation and softening of prices.
Exports will now be possible only at or above USD 500 per tonne. The government on June 17 set the minimum price at USD 300 per tonne.
Concerned over rising onion rates, the government on Tuesday imposed a minimum export price (MEP) of USD 300 per tonne on the kitchen staple to curb overseas sales and check retail prices.
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