The Union Ministry of Commerce and Industry on Sunday amended export policy of onion from free to prohibited, which amounts to banning of all varieties of onions from export, with immediate effect.
Onions prices in Maharashtra's vegetable markets have been witnessing a sharp decrease following Centre's ban on all varieties of onion exports. After a ban on exports, there was a reduction of Rs 600 per quintal on onion prices compared to the rates on Friday.
Previously, farmers in Lasalgaon had protested on streets against the rising onion prices outside Lasalgaon Mandi (vegetable market) following which police had to intervene and took the situation under control.
In another incident, farmers protested against the ban on onion exports in Niphad Shantinagar area in Malegaon, Maharashtra due to which a huge traffic jam had erupted there.
Meanwhile, on Nashik-Aurangabad highway, angry businessmen agitated against the falling prices of onions after a ban on export by the government which further agitated farmers in the region.
The Union Ministry of Commerce and Industry on Sunday amended export policy of onion from free to prohibited, which amounts to banning of all varieties of onions from export, with immediate effect.
In a notification issued today by Director-General of Foreign Trade, Alok Vardhan Chaturvedi announced an amendment in export policy of onions.
"Export policy of onion for the item description at Serial Number 51 & 52 of Chapter 7 of Schedule 2 of ITC (HS) classification of Export and Import Items is amended from free to prohibited till further orders", the notification reads.
In order to contain the rising onion prices across the country, the government also imposed stock limits on traders to facilitate the release of onion stocks in the market and to prevent its hoarding.
In view of the sustained high price of onions in the market, a stock limit of 100 quintals on retail traders and 500 quintals on wholesale traders has been imposed across the country.
Earlier, the Centre had authorised State governments to impose stock limits, but this time, the Centre has imposed the stock limits directly upon the States.
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