MEP of Onions Raised to US$ 230/MT from US$ 200/MT

[DGFT Notification No. 59 dated 15th July 2011]

Subject: Minimum Export Price of Onions.

In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992) read with Para 2.1 of the Foreign Trade Policy, 2009-2014, the Central Government makes the following amendment in Notification No 56(RE – 2010)/2009-2014 dated 08.06.2011 read with Notification No 24(RE – 2010)/2009-2014 dated 18.02.2011. The amendment is made with immediate effect.

2. The “Minimum Export Price(MEP) of US$ 200 per Metric Ton F.O.B. or as notified by DGFT from time-to-time” as appearing in para 2 of Notification No 56(RE – 2010)/2009-2014 dated 08.06.2011 for the item description at Serial Number 44.01 of Notification No 24(RE–2010)/2009-2014 dated 18.02.2011 is replaced by the “Minimum Export Price(MEP) of US$ 230 per Metric Ton F.O.B. or as notified by DGFT from time-to-time”.

3. Effect of this notification:

Minimum Export Price (MEP) of onions other than Bangalore Rose Onions and Krishnapuram onions will be US$ 230 per Metric Ton F.O.B. It was US$ 200 per Metric Ton as notified on 08.06.2011. There shall be no change in the MEP of Bangalore Rose Onion and Krishnapuram onion which continues to be USD 350 per Metric Ton F.O.B.