Onion worth is not going to improve! The federal government took this determination to maintain the costs beneath management – India TV Hindi

coming months With a purpose to preserve onion costs beneath management and forestall worth spikes, the federal government has determined to extend the ban on exports. The notification issued by the Commerce Ministry stated that the federal government has prolonged the ban on export of onion until additional orders to extend home availability and preserve costs beneath management. Earlier, the export of onion was banned until March 31 this yr.

Ban on onion export from December 8, 2023

“The ban on onion exports has been prolonged until March 31, 2024, till additional orders,” the Directorate Basic of International Commerce (DGFT) stated in a notification on March 22. The DGFT, a wing of the commerce ministry, regulates exports. And takes choices on import associated points. The federal government banned the export of onion on December 8, 2023. Onion manufacturing in Rabi season, 2023 is estimated to be 2.27 crore tonnes. Export of onion to pleasant nations is allowed in some particular instances after getting approval from the inter-ministerial group.

Onion was offered from buffer inventory

The federal government has allowed export of 64,400 tonnes of onion to UAE and Bangladesh via Nationwide Cooperative Export Restricted (NCEL). Earlier, the Heart had determined to extend the sale of buffer onion inventory at a concessional price of Rs 25 per kg within the retail markets in October 2023 to supply reduction to customers.

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