Onion prices soar, curbs imposed on exports
December 20th, 2010 - 11:17 pm ICT by IANSNew Delhi, Dec 20 (IANS) The central government Monday banned fresh permits for onion exports till Jan 15 following a big jump in its price in local markets.Onion is currently selling between Rs.60-70 per kg in local markets.
A food ministry official told reporters that agriculture cooperative major, National Agricultural Cooperative Marketing Federation of India Limited (NAFED), has been stopped from giving fresh clearance to exporters.
“We have decided to suspend issuing no objection certificate (NOC) to onion exporters till Jan 15. A decision has also been taken to double the minimum export price to $1,200 per tonne for those NOCs which are yet to be implemented,” the official said.
The official suspected speculative elements behind the price rise.
The price of onion is seen as a parameter of vegetable prices in the country.
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- Nafed monitoring markets to check onion prices - Nov 26, 2010
- Onion prices to come down soon, says Pawar - Dec 25, 2010
- Onion prices decline following raids on godowns in UP - Jan 08, 2011
- PM steps in as onion prices spiral (Roundup) - Dec 21, 2010
- Stinging onion prices make buyers cry - Dec 21, 2010
- Food prices: Exports regulated, action against hoarders (Lead) - Jan 13, 2011
- Onion rava dosa? Don't bet on it in Chennai! - Dec 21, 2010
- Prices remain high in Delhi - Jan 21, 2011
- We'll crackdown on hoarders and black marketers: Dikshit (Lead) - Dec 21, 2010
- Onion export ban lifted - Sep 20, 2011
Tags: agriculture, central government, cooperative marketing, curbs, export price, food ministry, india limited, kg, local markets, marketing federation, ministry official, nafed, New Delhi, noc, nocs, objection certificate, onion exports, onion prices, tonne, vegetable prices