Government has decided to lift the nearly six-month-old ban on export of onions in a bid to protect the interests of farmers as prices are likely to fall sharply due to bumper rabi crop.
The decision was taken at a meeting of a Group of Ministers (GoM) headed by Home Minister Amit Shah in New Delhi yesterday. The lifting of ban would be effective once the Directorate General of Foreign Trade (DGFT) issues a notification in this regard.
The GoM has also deliberated on whether to reduce or scrap the Minimum Export Price (MEP) on onion to facilitate outbound shipments.
Food Minister Ram Vilas Paswan, Agriculture Minister Narendra Singh Tomar, Commerce Minister Piyush Goyal and Cabinet Secretary Rajiv Gauba were also present at the meeting.