coming months In order to keep onion prices under control and prevent price spikes, the government has decided to increase the ban on exports. The notification issued by the Commerce Ministry said that the government has extended the ban on export of onion till further orders to increase domestic availability and keep prices under control. Earlier, the export of onion was banned till March 31 this year.
Ban on onion export from December 8, 2023
“The ban on onion exports has been extended till March 31, 2024, until further orders,” the Directorate General of Foreign Trade (DGFT) said in a notification on March 22. The DGFT, a wing of the commerce ministry, regulates exports. And takes decisions on import related issues. The government banned the export of onion on December 8, 2023. Onion production in Rabi season, 2023 is estimated to be 2.27 crore tonnes. Export of onion to friendly countries is allowed in some special cases after getting approval from the inter-ministerial group.
Onion was sold from buffer stock
The government has allowed export of 64,400 tonnes of onion to UAE and Bangladesh through National Cooperative Export Limited (NCEL). Earlier, the Center had decided to increase the sale of buffer onion stock at a concessional rate of Rs 25 per kg in retail markets in October 2023 to provide relief to consumers.
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