Udayavni Special

Govt Bans Export of Onion Seeds Amid Rising Prices in Domestic Markets


PTI, Oct 29, 2020, 8:29 PM IST

The government on Thursday banned exports of onion seeds with immediate effect amidst rising prices of the bulb in the domestic markets. Earlier, the export of onion seeds was in the restricted category, which means an exporter was required to obtain a licence or permission from the government for shipments.

“The export of onion seeds is prohibited, with immediate effect,” the Directorate General of Foreign Trade (DGFT) said in a notification. It added that the provisions under transitional arrangement shall not be applicable. Onion seed exports were worth USD 0.57 million during April-August this fiscal against USD 3.5 million in the full 2019-20 fiscal.

The DGFT has already banned exports of onion to contain onion prices. The Centre imposed stock holding limit on retail and wholesale traders till December 31 to improve the domestic availability of the commodity and provide relief to consumers. Retailers can stock onion only up to 2 tonne, whereas wholesale traders are allowed to keep up to 25 tonne, Consumer Affairs Secretary Leena Nandan said in a press conference.

Onion prices have shot up sharply to about Rs 70 per kg in the last few weeks in the wake of damage to standing Kharif crop in producing areas due to heavy rainfall.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

PM’s visit to mfg facility further reinforces our commitment to health solutions: Bharat Biotech

ED attaches assets worth over Rs 27 crore of former IAS officer

BJP will not field minority candidate for Belagavi LS bypoll: Eshwarappa

Sebi bars NDTV promoters, others in insider trading case; company to appeal

8 States, UTs reported 69 pc of new COVID-19 cases in 24-hr span; tests per million cross 1 lakh

Raut hits back at Fadnavis for his barb against CM Thackeray

‘Delhi Chalo’: Protesting farmers charged with attempt to murder, rioting in Haryana



Related Articles More

ICMR Approves CSIR’s Covid-19 Testing Method That Can Help Ramp Up Number of RT-PCR Tests

Bengal Spent Rs 4,000 Crore on Covid-19 Management So Far, Got No Assistance from Centre: TMC

164 cadets pass out of Indian Naval Academy

Kerala in for Heavy Rains on December 1, 2 Following Formation of Low Pressure Area Over Andaman Sea

Indian man on tourist visa missing in UAE: report

MUST WATCH

Mangalore: Woman rescues a cat from 30 feet deep well | Ranjini Shetty | Udayavani

CM and central leadership will take final call on Cabinet expansion: Ashwath Narayan

Assorted flowers, fruits, and vegetables are grown in the terrace garden

Celebrating 25 Years of Laveena Masala | Since 1996 | Udayavani

Mangalore: Lashkar militants pro wall writing on on Circuit House Road | Udayavani

Latest Additions

Pak, US jointly complete restoration of Takht-i-Bahi Buddhist monastery

ICMR Approves CSIR’s Covid-19 Testing Method That Can Help Ramp Up Number of RT-PCR Tests

Bengal Spent Rs 4,000 Crore on Covid-19 Management So Far, Got No Assistance from Centre: TMC

164 cadets pass out of Indian Naval Academy

India, Sri Lanka & Maldives Agree to Bolster Maritime Security Cooperation, Ensure Peace for Common Benefit

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.