Govt bans export of onions with immediate effect
The move is aimed at increasing availability and checking the price of the commodity in the domestic market.
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Union Government has recently banned the export of all varieties of onions with immediate effect. The move is aimed at increasing availability and checking the price of the commodity in the domestic market.
Directorate General of Foreign Trade said in a notification that the export of all varieties of onions is prohibited with immediate effect.
The provisions under transitional arrangement shall not be applicable under this notification.
Suresh Deshmukh, a commission agent operating out of Dindori’s wholesale market in Nashik district, said that “The rain caused extensive damage to stored onions in Madhya Pradesh and Gujarat. Thus, at present, it is only Maharashtra which has stored market-ready onion and the supply crunch is set to continue until the new crop hits the market in November.”
The DGFT, under the Commerce Ministry, deals with exports and imports-related issues.