After ordering import of 10 thousand tons of onions, now Minimum export price again raised to 700 Dollars per Metric Ton.

Government has hiked minimum export price of onion to 700 US dollars per Metric ton from 425 US dollars to check price rise.

Minimum Export Price was last raised from 250 US Dollars per Metric ton to 425 dollars on 26th of June this year.

In an official release Food and Consumer Affairs Ministry has said it is keeping a close watch on price rise of onions.

A decision has been taken to import onions and a tender has been floated for 10,000 Metric tons of onions on 27th of August

The Ministry said, onion prices are being reviewed regularly.

Prices of onions have been rising on account of a decline in total production from around 189 lakh tonnes in 2014-15 against 194 lakh tonnes in 2013-14.

The shortfall is primarily due to adverse weather conditions including unseasonal rains which impacted both standing and harvested crop at major producing Centres.