Government permits exports of 10000 MT of onion to Sri Lanka

16 Apr 2024 Evaluate

The government has permitted exports of 10000 MT of onion to Sri Lanka through the National Cooperatives Exports Cooperative (NCEL). The government recently approved an additional 10,000 MT of onion export to United Arab Emirates. Though onion exports are banned, the government allows specified quantities to friendly nations. The exports are allowed on the basis of permission granted by the government to other countries based on their request.

On December 8 last year, the government banned exports of onion with a view to increase domestic availability and to keep prices in check. Earlier, the Centre in October 2023 had decided to step up the sale of buffer onion stock at a subsidised rate of Rs 25 per kg in retail markets in order to provide relief to consumers. To control prices, the government has earlier taken several steps. It had imposed a minimum export price (MEP) of $800 per tonnes on onion exports on October 28 till December 31, 2023. In August, India had imposed a 40 per cent export duty on onions up to December 31, 2023.

NCEL is a multi-state cooperative society. It is jointly promoted by some of the leading cooperative societies in the country, namely, Gujarat Cooperative Milk Marketing Federation (GCMMF), popularly known as AMUL; Indian Farmers Fertilizer Cooperative (IFFCO); Krishak Bharati Cooperative (KRIBHCO) and National Agricultural Cooperative Marketing Federation of India (NAFED).

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