ban – Gramophone

The Central Government has recently issued a notification announcing the lifting of the ban on onion exports. This declaration will be effective from 15th March 2020.

The government had banned the export of onion on September 29 last year to control the rapid increase in the prices of onions. But the scenario is changed now as the prices of onions are now stabilised and its production is also expected to be much better this season. Because of this, the government had now announced to lift the five-month-old ban on onion export from March 15.

The notification, signed by the Directorate General of Foreign Trade (DGFT) says that “the export of all varieties of onions has been made free without any condition of minimum export price and letters of credit”

This step would be very helpful for both consumers and farmers too, as it would help in cutting down the prices of onions and thus reducing the pressure on the wallets of consumers. On the other hand, the farmers would also get access to a bigger market for their onions.

To protect the interests of farmers, the government has lifted the six-month-old ban on the export of onions on 26th February. This decision will provide farmers with a big market for their onion crop and thus they can earn more profit. There was a major need for such step as the prices are likely to fall heavily due to bumper production of rabi crops especially onion.

It should be noted that in September 2019, the government had imposed a ban on the export of onions due to the rapid increase in its prices. But the conditions have changed now and the onion rates had stabilized. Along with this, there has been a rapid growth of onions this year in the country, because of which, Food Minister Ram Vilas Paswan has announced to lift the ban on the export of onions.

Good news! Government lifts ban on onion exports

Good news for farmers, government lifted the ban on onion exports