Govt allows export of onion to Bangladesh, UAE with riders

by IANS |



New Delhi, March 4 (IANS) The government has allowed the export of 64,400 tonnes of onion to the UAE and Bangladesh through the National Cooperative Exports Ltd (NCEL), according to notifications issued by the Directorate General of Foreign Trade (DGFT).


The export of 50,000 tonnes of onion is being allowed for Bangladesh, while another 14,400 tonnes are being permitted for dispatch to the UAE.


The notification states that the modalities for the exports to Bangladesh will be worked out by the NCEL in consultation with the Department of Consumer Affairs. The government wants the exports to take place in a calibrated manner as it is keeping a close watch on domestic prices and does not want them to spin out of control.


The notification allowing the export of 14,400 tonnes of onions to the UAE through NCEL has placed a quantity ceiling of 3,600 metric tonnes for each quarter.


The government had earlier with effect from December 8, 2023 amended the export policy of onions to bring them from the 'free' to the 'prohibited' category till March 31, 2024. The step was taken as onion prices had started shooting up in the domestic market with supplies falling short.


However, some government-to-government shipments are being allowed to meet commitments with friendly countries.



Latest News
Rajasthan Chief Justice inaugurates e-Facilities Centre Fri, Jul 26, 2024, 04:45 PM
Barack and Michelle Obama endorse Kamala Harris for US President Fri, Jul 26, 2024, 04:36 PM
Jonny Bairstow not ready to give up on England Test spot Fri, Jul 26, 2024, 04:26 PM
Thomas Partey hails Arsenal to 'avoid mistakes of last season' Fri, Jul 26, 2024, 03:58 PM
Changi Airport sees 13.4 per cent passenger increase in Q2 Fri, Jul 26, 2024, 03:44 PM
46 Kg of opium seized in Afghanistan, 3 arrested Fri, Jul 26, 2024, 03:27 PM
Over 6,20,000 affected by typhoon Gaemi in China Fri, Jul 26, 2024, 02:17 PM
Massive wildfires trigger evacuations, health alerts in US Fri, Jul 26, 2024, 02:04 PM
Philippines: One killed in Manila house fire Fri, Jul 26, 2024, 01:52 PM
LIC stock hits new lifetime high of Rs 1,178.60 Fri, Jul 26, 2024, 01:10 PM
'Street-smart' Suryakumar backed to rise up to India T20I captaincy challenge Fri, Jul 26, 2024, 01:08 PM
2 Indian military teams plant tri-colour on Mt. Elbrus in multinational military 'Climb for Peace' event Fri, Jul 26, 2024, 01:00 PM
iPhone exports from India touch new all-time high in April-June quarter Fri, Jul 26, 2024, 12:51 PM
Cong never respected Armed Forces, says BJP's Poonawalla on Kargil Vijay Diwas Fri, Jul 26, 2024, 12:48 PM
MyGov turns 10: Let's work towards a Viksit Bharat by 2047, says CEO Fri, Jul 26, 2024, 12:33 PM