AgroStar Krishi Gyaan
27 Feb 20, 01:00 PM
Krishi VaartaThe Economic Times
Government Lifts Ban on Onion Exports, Farmers to Benefit
New Delhi. The government has decided to lift the ban on onion exports for nearly six months. Onion prices are expected to fall due to heavy yields of Rabi crop. With this step of the government, farmers will get the right price of onion. In the past few days, prices have fallen considerably due to increase in supply of new onions in the markets.
The decision was taken at a meeting of the Group of Ministers (GoM) headed by Home Minister Amit Shah. Food Minister Ram Vilas Paswan said in a tweet, "Since onion prices have stabilized and the yields have increased, the government has decided to lift the ban on exports." The Rabi season onion production is expected to be more than 40 lakh tonnes as compared to last year's yield of 28.4 lakh tonnes.
The decision to lift the ban will come into effect after the Directorate General of Foreign Trade (DGFT) issues a notification in this regard.
Source: Economic Times, 27 February 2020
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