Trending News
Baltic Exchange Market Report (13 December 2024)...
  Daily Exim

NEWS DETAILS

Date: 19/09/2024

Govt removes minimum export price cap on onion, basmati rice
 
The government has scrapped a minimum price threshold that it had set previously for exports of onion as it looked to pass on the benefit of the international glut to Indian farmers. A recent DGFT notification removed the MEP with immediate effect, a move that is expected to promote exports of the commodity. Additionally, the government also announced removal of the MEP on the exports of basmati rice. In a post on X (formerly Twitter), Commerce Minister Mr Piyush Goyal hailed the latest decision and said the increased export of high-quality rice would boost farmers’ earnings. Last year, the government had set the minimum export price (MEP) of $1,200 per tonne on exports of basmati rice, which was later reduced to $950 per tonne, as per a report.
 
Source: Exim News Service: New Delhi, Sept. 18



Featured News

EXIM INDIA ONLINE SERVICES

APPOINTMENTS

View All

USEFULL LINKS

View All

Introduction

EXIM INDIA is a reputed and all-India recognised premier publishing house. It publishes a daily newspaper.

It publishes a daily newspaper "Exim Newsletter" from Mumbai, Gujarat and New Delhi / NCR / North India, and Exim India - 'Shipping Times' from Kolkata, Chennai, Cochin and Tuticorin for the last 46 years.

Read More

QUICK LINKS

Contact Details

Inquiry

© | Exim India. All rights Reserved.