Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Science
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Find Cricket Statistics
Hindi
More
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Science
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / India News / Government bans onion export with immediate effect as prices soar
  • India

    Government bans onion export with immediate effect as prices soar

    Siddhant Pandey
    Written by
    Siddhant Pandey
    Twitter
    Last updated on Sep 29, 2019, 05:54 pm
    Government bans onion export with immediate effect as prices soar
  • The Centre on Sunday banned the export of onions with "immediate effect" in a bid to keep the rising price of the vegetable under check.

    The ban, which extends to all varieties of onions, comes as onion prices reached Rs. 70-80/kg earlier this week.

    The rising prices of onions, a common household commodity, had led to a public outcry.

    Here are more details.

  • In this article
    Onion export prohibited till further orders: Commerce Ministry You can read the notification here Why have onion prices been on the rise? Onion prices spiked to Rs. 70-80/kg in Delhi What else is the government doing to lower onion prices? Delhi government sells onions at Rs. 23.90/kg amid soaring prices Recently, DGFT imposed $850 minimum export price to restrict shipments
  • Details

    Onion export prohibited till further orders: Commerce Ministry

    Onion export prohibited till further orders: Commerce Ministry
  • The Directorate General of Foreign Trade (DGFT) stated in a notification, "Export policy of onion for the item description at Serial Number 51 & 52 of Chapter 7 of Schedule 2 of ITC (HS) classification of Export & Import Items is amended from free to prohibited till further orders."

    DGFT is an arm of the Ministry of Commerce & Industry which deals with import/export.

  • Twitter Post

    You can read the notification here

  • Government prohibits export of onions till further notice. pic.twitter.com/7NzcKAYtSc

    — Nistula Hebbar (@nistula) September 29, 2019
  • Reason

    Why have onion prices been on the rise?

    Why have onion prices been on the rise?
  • The ban comes as onion prices have been on the rise due to dwindling produce.

    Reportedly, the recent floods in onion-producing states including Maharashtra, Uttar Pradesh, Bihar, Madhya Pradesh, Karnataka, Gujarat, and Rajasthan, have disrupted supplies.

    Additionally, hoarding by traders ahead of the festival season also adds to the rising prices.

    Incidentally, the Centre had warned strict action against hoarding onions last month.

  • Data

    Onion prices spiked to Rs. 70-80/kg in Delhi

  • Last week, onion rates spiked to Rs. 70-80/kg in Delhi and other parts of the country. Additionally, onion was being sold at Rs. 58/kg in Mumbai, Rs. 42/kg in Chennai, Rs. 70/kg in Kanpur and Rs. 80/kg in Port Blair.

  • Government efforts

    What else is the government doing to lower onion prices?

  • Notably, Union Consumer Affairs Minister Ram Vilas Paswan on Thursday urged states to buy onions from the Centre.

    The Centre has a buffer stock of 56,000 tonnes of onion, out of which, 16,000 tonnes have been offloaded.

    It has also directed agencies such as the National Agricultural Cooperative Marketing Federation of India and Mother Dairy to sell onions at cheaper rates.

  • Information

    Delhi government sells onions at Rs. 23.90/kg amid soaring prices

  • Further, to give Delhiites some relief from the rising onion prices, Delhi Chief Minister Arvind Kejriwal announced on Friday that his government would provide onions at Rs. 23.90/kg. On Saturday, he flagged off 70 mobile vans in Delhi to sell onions at the promised rate.

  • History

    Recently, DGFT imposed $850 minimum export price to restrict shipments

    Recently, DGFT imposed $850 minimum export price to restrict shipments
  • Last week, onion prices peaked highest levels in four years, Business Standard reported.

    Earlier this month, the DGFT had imposed a minimum export price (MEP)- rate below which no exports are allowed- of $850 per tonne to restrain shipments and effectively reduce onion prices.

    Apart from the floods, the delayed monsoon earlier this year and the drought last year also led to reduced supplies.

  • Onion Prices
  • Ministry of Commerce and Industry
  • Commerce Ministry
  •  
Latest News
  • Prince Harry's James Corden interview caused ''disquiet' at Buckingham Palace?
    Prince Harry's James Corden interview caused ''disquiet' at Buckingham Palace?
    Entertainment
  • Samsung Galaxy M31s becomes cheaper; now starts at Rs. 18,500
    Samsung Galaxy M31s becomes cheaper; now starts at Rs. 18,500
    Science
  • 'Baahubali' writer roped in for 'Sita - The Incarnation'
    'Baahubali' writer roped in for 'Sita - The Incarnation'
    Entertainment
  • BS6 Kawasaki Ninja 300's colors and engine details revealed
    BS6 Kawasaki Ninja 300's colors and engine details revealed
    Auto
  • La Liga, Sevilla 0-2 Barcelona: Records broken
    La Liga, Sevilla 0-2 Barcelona: Records broken
    Sports
Related Timelines
  • Onions retailing Rs. 100/kg in Mumbai, Pune; import norms relaxed
    Onions retailing Rs. 100/kg in Mumbai, Pune; import norms relaxed
    Business
Trending Topics
ISRO Vaccine Farmers Protest
Next News Article
Share
Cancel

Want to share it with your friends too?

Facebook Whatsapp Twitter Linkedin
Copied

Love India news?

Subscribe to stay updated.

India Thumbnail
India News Business News World News Politics News Sports News Science News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Bharti Airtel Mukesh Ambani Indian Premier League Samsung Virat Kohli Rohit Sharma
Cricket News YouTube Hollywood News WhatsApp Bollywood News ISRO Yoga Honda Batman Football News
BMW Vaccine Reliance Jio OPPO Food News, Healthy Recipes Royal Challengers Bangalore Toyota Fashion Tips Farmers Protest Mohammed Bin Salman
Mercedes Europa League Isha Ambani India Vs England Cricket OnePlus Mobiles Android TV Smart TV Marvel Comics Avengers Neha Kakkar
Premier League Big Bang Theory X-Men TATA
About Us Privacy Policy Terms & Conditions Contact Us News Reviews News Archive Topics Archive Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2021