February 10, 2026 10:19 am (IST)

Make this your homepage

All Finance

‘Won’t allow any impediment in SIR’: Supreme Court pulls up Mamata govt over delay in sharing officers’ details | India-US trade deal: ‘Negotiations always two-way’, says Amul MD amid farmers’ concerns | Khamenei breaks 37-year-old ritual for first time amid escalating Iran-US tensions | India must push for energy independence amid global uncertainty: Vedanta chairman Anil Agarwal | Kanpur horror: Lamborghini driven by businessman’s son rams vehicles, injures six | ‘Namaste Trump beat Howdy Modi’: Congress slams PM Over India-US trade deal | Historic India-US trade pact: Tariffs cut, $500B market opportunity unlocked! | Big call from RBI: Repo rate stays at 5.25%, neutral stance continues | RG Kar scam twist: Court issues non-bailable warrant against whistle-blower Akhtar Ali | Court snub for Vijay: Madras HC rejects plea in ₹1.5 crore tax case

Minimum Export Price imposed on onion export

India Blooms News Service | | Jun 19, 2014, at 03:40 am

#Minimum Export Price imposed on onion export

New Delhi, June 18 (IBNS): The Ministry of Commerce & Industry on Wednesday said Minimum Export Price (MEP) of onion is fixed by an Inter-ministerial Committee (IMC), in terms of the decision of the Cabinet Committee on Prices held on June 10, 2000.

The IMC is chaired by Joint Secretary, Department of Commerce.

This committee takes stock of the arrival of onion and modal prices prevailing in the important production and consumption centres and decides the MEP of onion accordingly.

In their meeting held on June 13, 2014, the Inter-Ministerial Committee observed that the modal rates in the producing mandies have shown increase during 2nd week of June, 2014 and the retail and wholesale prices in four metropolitan cities have also shown steady increase as compared to prices prevailing on May 1, 2014.

The Committee as such observed that there is an urgent need to calibrate exports in order to augment domestic supplies so that domestic prices do not overshoot in near future.

Therefore, the IMC decided to fix the MEP at USD 300 per MT FOB.

"Imposition of MEP on onion export is expected to help in arresting the rise in prices and stabilizing the onion prices in the domestic markets and balance the interests of both farmers and consumers," the ministry said in a statement.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.

India
International

Related Images

Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:41 pm

Veedol signs former Indian skipper Sourav Ganguly as brand ambassador Jun 29, 2024, at 06:38 am

In Images: Glimpses from Bengali film Fatafati's premiere May 13, 2023, at 08:39 pm