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The Government has cut the minimum export price of common grade onions by $25 a tonne to $125, a trade official said on Wednesday.
The Empowered Group of Ministers on Food, which met on Tuesday, had taken up the matter but no announcement was made on the decision to cut the minimum export price.
“We have got verbal communication on the cut,” said a Nashik-based trader. On January 11, the Centre had cut the minimum export price of the vegetable by a substantial $100 a tonne to $150.
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