Govt. unlikely to re-impose minimum export price on onion

The government will likely not impose a minimum export price (MEP) on onion because the drastic increase in onion prices is due to supply constraints and not because of increase in demand, Maharashtra’s additional chief secretary S K Goel said. Prices of onion have jumped a whopping 57 per cent in the last one month. On Saturday, onion prices in the retail market jumped from to Rs 35 a kg, drastically up from Rs 15-18 a kg around two weeks back. read more

The government will likely not impose a minimum export price (MEP) on onion because the drastic increase in onion prices is due to supply constraints and not because of increase in demand, Maharashtra’s additional chief secretary S K Goel said. Prices of onion have jumped a whopping 57 per cent in the last one month. On Saturday, onion prices in the retail market jumped from to Rs 35 a kg, drastically up from Rs 15-18 a kg around two weeks back. read more

[via Stock Watch – Stock Specific News]

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