New Delhi: With prices of onions seeing a surge for the past few weeks, the government on Friday imposed a minimum export price of US $85 per metric ton.
The move is expected to curb onion exports and bring down the price in the domestic market.
"The Union Government has decided that export of all varieties of onions shall be permitted only on Letter of Credit (LC) subject to minimum export price (MEP) of US $ 85 F.O.B. (freight on board) per metric ton until further orders", said a release by Ministry of Consumer Affairs, Food and Public Distribution .
