The Directorate General of Foreign Trade (DGFT) on Saturday issued a notification permitting the export of onions with the Minimum Export Price (MEP) to $550 per tonne and 40% export duty. A ban on export was hurting the onion farmers in the Western Maharashtra and Marathwada, the area known as the onion belt of the country. These two regions alone produce 40% of the overall onion production of the country.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.