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Govt raises onion export price

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July 02, 2014 1:19 IST | India Infoline News Service
The Inter-Ministerial Committee in their meeting held on 30th June, 2014, observed that the wholesale and retail prices of onion are going up in producing and consuming mandies and despite MEP at US$300 PMT there is no appreciable decline in the exports of onion.

Keeping in view of rising retail and wholesale prices and delayed monsoon, the Committee unanimously decided to fix the MEP at US$500 per MT FOB which translates to Rs. 30.00 per kg. with a view to arrest domestic price rise and augment domestic supply.

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