Local Govt raises minimum onion export price

Tag: indian onion

As a precautionary move against rising inflation, the government has raised the minimum export price (MEP) of onion by $25 a tonne to $185 with effect from July.

In June, the MEP was cut by $25 a tonne to boost onion exports.

However, with retail onion prices rising from Rs 6 to Rs 10 a kg in June, a decision has been taken to raise the MEP again.

The MEP, which is revised on a monthly basis, could be hiked further around mid July if retail onion prices continue to increase.