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“Export prohibition on export of onions legitimate until thirty first March 2024, is prolonged till additional orders,” the Directorate Common of International Commerce (DGFT) mentioned in a notification.
India exported onions value $431.78 million in April-January FY24 with $187.5 million shipped to Bangladesh and $48.12 million to Sri Lanka.
In December final 12 months, the federal government prohibited the export of onions until March 31, 2024 however allowed their shipments primarily based on permission granted by the central authorities to different nations on the request of different nations.
Earlier this month, the federal government had permitted the export of fifty,000 tonnes of onions to Bangladesh and 14,400 tonnes to the UAE by way of the Nationwide Cooperative Exports Restricted.
To examine the hovering worth of onion, the federal government imposed a minimal export worth of $800 per tonne on October 28 until December 31, 2023. In August final 12 months, India imposed a 40% obligation on the export of onions to enhance provides of the staple vegetable within the home market till December 31, 2023.
