29 C
Mumbai
Saturday, September 26, 2020
Home Business Govt bans export of onions with immediate effect

Govt bans export of onions with immediate effect

onions
Image Source : FILE Govt bans export of onions with immediate effect

The authorities on Monday banned the export of onions with immediate effect. The transfer aimed toward growing the provision and curbing costs of the commodity within the home market. In the revised coverage, the export of all varieties together with ‘Bangalore Rose’ onions and ‘Krishnapuram’ onions excluding reduce, sliced or damaged in powder type, have been prohibited.

“The export of all varieties of onions… is prohibited, with immediate effect,” the Directorate General of Foreign Trade (DGFT) mentioned in a notification on this regard.

“The provisions under ‘Transitional Arrangement’ shall not be applicable under this notification.”

In the nationwide capital, onion costs had been ruling at round Rs 40 per kilogram.

Wholesale value inflation for onion stood at (-) 34.48 per cent in August.

Maharashtra, Karnataka, Madhya Pradesh, Bihar and Gujarat are main onion producing states.

It could also be famous that 40 per cent of the nation’s whole onion crop is produced within the kharif season and the remainder through the rabi season. The kharif crop, nonetheless, can’t be saved. 

(With inputs from businesses)

Latest Business News

Fight against Coronavirus: Full coverage



Source link

Most Popular

KKR vs SRH Live Score, IPL 2020: Varun Chakravarthy removes David Warner after sedate start | Cricket News – Times of India

LIVE BLOG | SCORECARD9.2 overs: Saha survives the assessment! Varun Chakravarthy nearly had his second wicket there. Traps Saha in entrance however the umpire...

PUBG followers, why Tencent licence withdrawl may not bring good news for you – Times of India

India is unlikely to revoke a ban on PlayerUnknown's Battlegrounds (PUBG) following PUBG Corp's choice to withdraw the cellular recreation's publishing rights within the...
EnglishGujaratiHindiMarathiUrdu