July 09, 2026 05:11 am (IST)
Follow us:
Minimum Export Price imposed on onion export
New Delhi, June 18 (IBNS): The Ministry of Commerce & Industry on Wednesday said Minimum Export Price (MEP) of onion is fixed by an Inter-ministerial Committee (IMC), in terms of the decision of the Cabinet Committee on Prices held on June 10, 2000.
The IMC is chaired by Joint Secretary, Department of Commerce.
This committee takes stock of the arrival of onion and modal prices prevailing in the important production and consumption centres and decides the MEP of onion accordingly.
In their meeting held on June 13, 2014, the Inter-Ministerial Committee observed that the modal rates in the producing mandies have shown increase during 2nd week of June, 2014 and the retail and wholesale prices in four metropolitan cities have also shown steady increase as compared to prices prevailing on May 1, 2014.
The Committee as such observed that there is an urgent need to calibrate exports in order to augment domestic supplies so that domestic prices do not overshoot in near future.
Therefore, the IMC decided to fix the MEP at USD 300 per MT FOB.
"Imposition of MEP on onion export is expected to help in arresting the rise in prices and stabilizing the onion prices in the domestic markets and balance the interests of both farmers and consumers," the ministry said in a statement.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
L&T Vyoma and Fortanix partner to deliver confidential computing with NVIDIA technology
Wed, Jul 08 2026
Dalal Street bleeds! Sensex tanks over 1,600 points after Trump declares Iran ceasefire 'over'
Wed, Jul 08 2026
Vikram Solar successfully rolls out first module from its new manufacturing mega-facility in Tamil Nadu
Tue, Jul 07 2026
Indian markets defy global gloom! Sensex, Nifty extend winning streak for fifth straight session
Tue, Jul 07 2026