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The Government today lowered the minimum export price of onion by $100 a tonne to $150 to boost outbound shipments that have declined.
“The minimum export price (MEP) of all varieties of onions, except Bangalore Rose onions and Krishnapuram onions, will be $150 a tonne,” a notification by the Directorate-General of Foreign Trade (DGFT) said here.
The export price of Bangalore Rose and Krishnapuram onions have also been reduced marginally to $250 a tonne from $300, the notification added.
Growers' demand
Onion growers and traders have been demanding a slash in the export price to keep the commodity competitive in the international market.
Onion exports from India declined by nearly 23 per cent in the first nine months of the current financial year compared to last year, mainly due to high price of shipment at $250 a tonne.
China and Egypt dominate the international market by selling onions at under-$200 a tonne, trade sources said.
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