India has allowed a limited quantity of onion exports to the United Arab Emirates (UAE), defying the extended ban on onion exports imposed until further notice. The Ministry of Commerce and Industry, through the Directorate General of Foreign Trade (DGFT), issued a notification on Wednesday, permitting the export of an additional 10,000 metric tons (MT) […]
The rating agency Icra in a recent report has said that global rice prices are going to remain high amid the fluctuating economic growth across the globe led by geopolitical crisis in the Middle East and Russia’s invasion of Ukraine. The average price of exported Basmati rice and non-Basmati rice increased by 26 per cent […]
The government on Thursday clarified that onion consignments, registered with customs authorities before 29 October 29, can be exported until 30 November. The clarification comes after the government imposed a minimum export price (MEP) of USD 800 per tonne on onion exports until 31 December. The measure aims to boost domestic availability and control prices. […]
The union government’s decision to impose a Minimum Export Price (MEP) of USD 800/ton on Onion with effect from 29 October 2023 till 31 December 2023 recorded a decline of 5 per cent to 9 per cent from the highest price registered during the last week. The weighted average price of Onion in Maharashtra across […]
Rice exporters and traders have halted grain procurement from local markets from Sunday onwards in the basmati rice-producing regions of Punjab, Haryana, and western Uttar Pradesh. The action is a response to the government’s decision to maintain the minimum export price (MEP) for basmati rice at a relatively high rate of USD 1,200 per tonne. […]
