Onion export of additional 10k Tonnes to UAE allowed by Government ahead of Eid and Ram Navmi

Onion Export: In order to control the rising domestic prices of onion in the country, the Government of India has announced a ban on the shipment of onion on December 8, 2023. Now the Central Government has approved the export of additional 10,000 tonnes of onion to UAE through National Cooperative Exports Limited or National Cooperative Export Limited (NCEL). The government has taken this decision at a time when the festival of Eid and then Ram Navami is approaching. Despite the ban on onion export, approval has been given for the export of 79,150 tonnes of onion so far to fulfill the commitment made to friendly countries.

DGFT issued order late night

The Directorate General of Foreign Trade or Directorate General of Foreign Trade (DGFT) has issued this order late on Tuesday night. This export will be in addition to the 14,400 tonnes of onion which was earlier approved to be exported to the UAE on March 1. This is being done through NCEL, which has set a limit of 3600 metric tons of onion export for every quarter.

What measures have the central government taken?

Due to drought caused by El Nino, the government needed to take policy steps to regulate onion exports during the financial year 2023-24. Through all these measures, the aim was to ensure availability of onion to domestic consumers at affordable prices.

Among these measures, 40 percent duty was imposed on onion export on August 19, 2023.

After this, a minimum export price (MEP) of US $ 800 per metric ton was imposed from October 29, 2023.

Export restrictions were imposed from December 8, 2023.

Government is releasing onion from its buffer stock

With the rising prices of onion, the central government is releasing this main vegetable from its buffer stock. On March 26, it had directed NCCF and NAFED to procure 5 lakh tonnes of onion directly from farmers for the country's buffer requirement during the ongoing Rabi-2024 crop.

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