Onion farmers upset at govt's export ban
September 15, 2020 12:35
Farmers in Nashik express displeasure over the central govt's decision to ban export of onions with immediate effect. They say, "Onions are arriving in the market in large quantities. Where will we store the produce? Where will we sell those onions? Onion was being sold at Rs 20-25 per kg here. If the export is banned, prices will fall to Rs 2-3 per kg. Growers will suffer loss. Sellers purchase from them at lower prices and later sell it at higher price," an onion farmer in Nashik, said.
The government on Monday banned the export of all varieties of onions except those cut, sliced or broken in powder form, with immediate effect.
The move was apparently aimed at increasing domestic supply and reducing prices which have risen in the recent past to Rs 35 to 40 in Delhi.
In a notification, the Ministry of Commerce and Industry stated, "In exercise of the power conferred by Section 3 of the Foreign Trade (Development and Regulation) Act, 1992, as amended, read with para 1.02 and 2.01 of the Foreign Trade Policy, 2015-20, the Central Government hereby makes the following amendment in the Export policy of the onions. For the item description at Serial Number 51 and 52 of Chapter 7 of Schedule 2 of ITC (HS) Classification of Export and Import items, with immediate effect."
The ban includes Bangalore rose onions and Krishnapuram onions.
TOP STORIES
© 2024 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Feedback - About us - Terms of use - Grievances