An empowered group of ministers (EGOM) on food headed by Finance Minister Pranab Mukherjee on Tuesday lifted the ban over the export of onion. The meeting also fixed the Minimum Export Price of onions at 475 dollars a tonne.On the 9th of this month, the ministerial panel banned onion exports to boost domestic supply and control rising retail prices which had gone abnormally high. The panel has also extended the stock limit for sugar for two months till November this year. Besides, the stock limit on edible oil, oil seeds and pulses has been extended for another year till the end of September next year.
News On AIR | September 20, 2011 8:14 PM
EGOM lifts ban on onion exports