Retail onion costs have skyrocketed to Rs 60-80 per kg in Delhi.

New Delhi: 

The federal government on Sunday banned the export of onion to extend availability of the commodity within the home market and include rising costs.

“Export of all varieties of onions…is prohibited with immediate effect,” the Directorate Normal of International Commerce (DGFT), an arm of the commerce ministry which offers with exports and import associated points, stated in a notification.

The DGFT on September 13 had imposed a minimal export worth (MEP) of $850 per tonne to curb its shipments and assist convey down rising home costs.

The MEP is the speed under which no exports are allowed.

Retail onion costs have skyrocketed to Rs 60-80 per kg in Delhi and another components of the nation resulting from provide disruption from flood-affected rising states like Maharasthra.

In the meantime, to present aid to shoppers from excessive costs, the central authorities is offloading 50,000 tonnes of buffer inventory of onion throughout the nation.

The Centre final month had additionally warned of strict motion towards hoarding of onion amid provide disruption resulting from floods in components of main rising states – Maharashtra and Karnataka

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