The Government has decided to impose a minimum export price (MEP) of $ 800 per tonne on onion exports. This decision will come into effect from 29 October.
Government has also announced the procurement of an additional 2 lakh tonnes of onion for the buffer.
In the retail market, Onion prices have further risen to ₹65-80 per kilogramme.
The MEP is there for all varieties of onions except Bangalore Rose and Krishnapuram onions.
The DGFT notification added that certain onion consignments will be allowed to be exported without MEP.
