Poket News

Govt decides to lift the ban on export of onions

 

  • Govt has decided to lift the nearly 6 month-old ban on export of onions in a bid to protect the interests of farmers as prices are likely to fall sharply due to bumper rabi crop.
  • The decision was taken at a meeting of a Group of Ministers headed by Home Minister in New Delhi. 
  • The lifting of ban would be effective once the Directorate General of Foreign Trade issues a notification in this regard.
  • Also deliberated on whether to reduce or scrap Minimum Export Price on onion to facilitate outbound shipments.