8/8/2013
The Government has decided not to ban export of onions at the moment, as shipments this year have been lower than last year. It also feels that the sharp rise in onion prices in the domestic market is mainly due to supply problems and not exports.
An inter-ministerial committee comprising senior officials from the Department of Commerce, the Agriculture Ministry, the Food Processing Ministry, the Consumer Affairs Ministry and Nafed has decided against an export ban after examining figures for production, export and prices.
“We have analysed the situation and feel that placing a ban on exports will not have a significant effect on domestic prices as exports are already lower than last year and international prices, too, are not ruling high,” Commerce Department Joint Secretary Asit Tripathy, who is heading the inter-ministerial committee, told Business Line.
Tripathy, however, said that monitoring prices and supplies was a continuous mechanism and the committee would be meeting periodically to review its decision.
Both the Agriculture and Consumer Affairs ministries are strongly opposed to a ban on exports. Agriculture Minister Sharad Pawar has gone on record saying that he was not in favour of banning exports and the spurt in prices of onion was only a temporary phenomenon.
Source:-www.freshplaza.com
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