: Centre lifts ban on onion export with effect from January 1 #FinanceIndia #StockMarketNEWS Centre lifts ban on onion export with effect from January 1 New Delhi, Dec 29 (KNN) The Central government

@StockMarketNEWS Tue 29 Dec, 2020

Posted in: #FinanceIndia #StockMarketNEWS

Centre lifts ban on onion export with effect from January 1 #FinanceIndia #StockMarketNEWS
Centre lifts ban on onion export with effect from January 1 New Delhi, Dec 29 (KNN) The Central government has lifted the ban on the exports of onions of all varieties, starting January 1 next year.

Earlier, the Centre had imposed the said ban in September this year owing to a hike in prices, which triggered concerns regarding a supply crunch.

"The export of all varieties of onions... has been made free with effect from January 1, 2021," said the Directorate General of Foreign Trade (DGFT) in a notification on Monday.

The retail prices in the national capital hover around Rs 35-40 per kg.

Maharashtra, Madhya Pradesh and Karnataka are the top three onion growing states and India is one of the biggest onion exporters. The export destinations include Nepal and Bangladesh.

Stock Market News & Best Intraday tips & Stocks near support

Report

Login to post a comment!