Post Leads  |
Govt imposes $850/tonne minimum export price on Onion
Commodity Online | September 16 2019
UPDATED 16:54:45 IST

Cotton prices may fall further on higher production, weak demand: report

Indonesia Palm Oil production up 14% in Jan-Aug

India Rice prices continue downtrend on subdued demand

Groundnut procurement in Gujarat to begin from Nov 1

India's Cotton production may reach 29.3 million bales in 2019-20: report

The government has fixed a minimum export price of $850 per tonne on onions in order to check exports and bring down spiralling prices in the local market.

“Export of all varieties of onions, as described above, will be allowed only on Letter of Credit subject to the MEP of $850 FOB per tonne till further orders,” according to a notification issued by the Directorate General of Foreign Trade (DGFT).

Onion prices have risen to about Rs 40-50 per kg in the national capital from Rs 20-30 per kg a few days back.

The country exports on an average 15 lakh tonnes of onions a year. India produces around 17-18 million tonnes of onion per year.


Commodity Arrivals Rate
Mustard Oil 9.32 10300.00
Coconut Oil 1.5 18500.00
Arecanut 2 21000.00
Sugar 506 3342.00