Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

India: Onion Export Price Hiked To Check Soaring Cost.


Date: 16-08-2011
Subject: India: Onion Export Price Hiked To Check Soaring Cost
The government has raised the export price of onion by $45 per tonne to $275 a tonne in order to check prices which have doubled in the last one month in the retail market and are currently ruling at Rs 20 per kg.

The Minimum Export Price (MEP) of two superior varieties -- Krishnapuram onions and Bangalore Rose onions -- has been increased by $ 50 per tonne to $ 400 per tonne. These two South Indian varieties were spared from the hike last time in July.

“MEP of Bangalore Rose onions and Krishnapuram onions will be $ 400 per tonne... (and) MEP of onions other than Bangalore Rose onions and Krishnapuram onions will be $ 275 per tonne,” the Directorate General of Foreign Trade (DGFT) said in a notification.

The onion MEP has been raised to discourage exports and boost the domestic supply, a senior government official said.

The decision comes in the backdrop of rising onion prices, which were stable during April-June period and had even fallen to Rs 10 per kg level in the retail markets.

The government seems to be worried also about high food inflation, which surged to a four-and-half month high of 9.9 per cent for the week ended July 30, due to costlier onions, fruits, vegetables and protein-based items.

The onion prices went up by 36.62 per cent year-on-year, as per wholesale-based inflation data.

Source : freshplaza.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 06-06-2025
Notification No. 13/2025-Customs (ADD)
Seeks to impose Anti Dumping Duty on imports of ‘Insoluble Sulphur’ originating in or exported from China PR and Japan.

Date: 30-05-2025
Notification No. 31/2025-Customs
Seeks to i. extend the specified condition of exemption to imports of Yellow Peas (HS 0713 10 10) to bill of lading issued on or before 31.03.2026; ii. to reduce the basic custom duty on crude soya bean oil (HS Code 15071000), crude sunflower oil (HS Code 15121110), and crude palm oil (HS Code 15111000) from 20% to 10%

Date: 30-05-2025
Notification No. 38/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 26-05-2025
NOTIFICATION No. 37/2025-Customs (N.T.)
Notification of ICD Jalna, Maharashtra u/s. 7(1)(aa) of Customs Act, 1962" and it was issued under Section 7(1)(aa) of Customs Act, 1962

Date: 23-05-2025
Notification No. 30/2025-Customs
Seeks to amend notification No. 55/2022-Customs dated 31.10.2022 to remove the condition required for availing exemption on Bangalore Rose Onion.

Date: 23-05-2025
NOTIFICATION No. 36/2025 - Customs (N.T.)
Amendment in the Notification No. 63-1994-Customs (N.T) dated 21.11.1994 in respect of Land Customs Station, Raxaul

Date: 15-05-2025
Notification No. 34/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 09-05-2025
Notification No. 29/2025-Customs
Seeks to exempt works of art and antiques from Basic Customs Duty

Date: 30-04-2025
Notification No. 02/2025-Customs (CVD)
Seeks to amend Notification No. 05/2024-Customs (CVD) dated the 11th September, 2024 so as to align with changes made vide Finance Act, 2025

Date: 30-04-2025
Notification No. 26/2025-Customs
Seeks to rescind Notification No. 04/2025-Customs dated the 1st February, 2025



Exim Guru Copyright © 1999-2025 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001