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Govt bans export of onions with immediate effect

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)

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