The Empowered Group of Ministers (EGoM) on food on Tuesday decided to allow an additional export of one million tonnes of sugar. Under pressure to reduce the minimum export price (MEP) of onion to allow more exports, the EGoM has decided to set up an inter-ministerial group in future to decide on
the export price at regular intervals.
Sources in the EGoM indicated that the MEP on onion is likely to be reduced to US$125 per ton from the present
price of US$150 per ton immediately.
The Empowered Group of Ministers (EGoM) on food on Tuesday decided to allow an additional export of one million tonnes of sugar. Under pressure to reduce the minimum export price (MEP) of onion to allow more exports, the EGoM has decided to set up an inter-ministerial group in future to decide on
the export price at regular intervals.
Sources in the EGoM indicated that the MEP on onion is likely to be reduced to US$125 per ton from the present
price of US$150 per ton immediately.
Source : hindustantimes.com