New Delhi: As the prices of the onion have started coming down, the Central government has decided to allow its export from March 15 in the interest of farmers. An announcement to this effect was made by Union Commerce and Industry Minister Piyush Goyal said on Monday. Also Read - As Prices Come Down, Central Govt to Lift Ban on Export of Onions to Protect Interest of Farmers
Saying that the move from the Central government will boost the income of farmers, the minister said the step was taken after the Central government last week decided to lift nearly six-month-old ban on export of onions. Also Read - After Importing 18,000 Tonnes, Centre Offers Onions at Rs 22 Per kg to States
“Paving the way for economic empowerment of farmers, the Central government will allow export of onions from March 15. This decision is a welcome step towards the welfare of domestic producers while also ensuring additional revenue for them,” Goyal said in a tweet.
Keeping in mind the rising price of onions, the Central government had imposed the ban on its exports. Now, that the onion prices have stabilised and there is bumper crop also, so the government is planning to life the ban on its exports.
“Expected monthly harvest in March is over 40 lakh MT compared to 28.4 lakh MT last year,” Food Minister Ram Vilas Paswan had tweeted on Wednesday.
Last in September, the Central government had banned onion exports and also imposed a MEP of USD 850 per tonne.
In September, there was shortage of onion as kharif crop was badly affected due to excess rains and floods in onion-producing states like Maharashtra.
Currently, the arrival of rabi (winter) crop of onion has begun in small quantities and would increase from mid-March onwards.