October 19, 2026 04:25 pm (IST)
Follow us:
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.
Latest Headlines
Onion prices set to get relief? Centre sends 440 tonnes to Tripura ahead of festive season
Fri, Oct 16 2026
12 nations turn to Bengal: ICC hosts diplomats in Kolkata to explore trade and investment opportunities
Thu, Oct 15 2026
Hyundai announces $15.5 billion India investment plan through 2032: Here's what's coming
Wed, Oct 14 2026
Modi, Anita Anand discuss trade, defence and energy as India-Canada ties gain momentum
Wed, Oct 14 2026
Government approves Fairfax Financial as strategic buyer for 60.72% stake in IDBI Bank
Wed, Oct 14 2026