25-Jul-2013
With onion prices continuing to rise across the country, the Government may be compelled to consider placing a temporary ban on exports among other policy intervention.
Officials are understood to be meeting soon to consider the possibility.
“The committee of Joint Secretaries will examine all factors, including the movement of domestic prices, the reason for rising prices, existing international prices and the onion stock in the country before taking a view on the matter,” an official said.
"Onion prices have risen to over Rs 40 a kg in the retail market, especially after heavy rains hit transportation."
Heavy rain in production areas is a large factor in the rises. Easing is expected from October when fresh crops will enter the market.
Usually around 10% of total production is exported.
Source:-www.freshplaza.com
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