INSUBCONTINENT EXCLUSIVE:
the export of the key kitchen staple and imposed a stock limit on traders to improve the domestic availability of the commodity and provide
reported export below minimum export price (MEP) to Bangladesh and Sri Lanka will be stopped immediately and strict action will be taken
measures to boost the supply and contain prise rise
Currently, retail onion prices are ruling at around Rs 60-80 per kg in the national capital and some other parts of the country due to
market, the central government today took several steps to contain its prices, namely imposition of stock limit on traders, ban on exports,
and sate governments will take strict measures to prevent hoarding," the Consumer Affairs Ministry said in a statement
commerce ministry which deals with exports and import related issues, said in a notification
The DGFT on September 13 had imposed a minimum export price (MEP) of USD 850 per tonne to curb its shipments and help bring down rising
stock limit on onion traders to facilitate release of stocks in the market and prevent hoarding
Although the state governments had been authorised to impose stock limit, but this time the Centre has imposed stock limits directly upon
out anti-hoarding operations against the unscrupulous traders by organising raids
Meanwhile, to give relief to consumers from high prices, the central government is offloading 50,000 tonnes of buffer stock of onion across
the country.State-run Mother Dairy and cooperatives Nafed and NCCF are selling buffer stock onion at a cheaper rate of Rs 23.90 per kg in
strict action against hoarding of onion amid supply disruption due to floods in parts of major growing states - Maharashtra and
Catch all the Live TV action on TheIndianSubcontinent 24x7 and TheIndianSubcontinent India
Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.
