MEP of Onions Cut by $50 to $350/MT

[DGFT Notification No. 85 dated 18^th November 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 75(RE – 2010)/2009-2014 dated 20.09.2011 with immediate effect. 

2. The “Minimum Export Price(MEP) of US$ 475 per Metric Ton F.O.B. or as notified by DGFT from time-to-time” as appearing in the column “ Nature of Restriction” for the item description at Serial Number 44.01 of Notification No 75(RE–2010)/2009-2014 dated 20.09.2011 is replaced by “Minimum Export Price(MEP) of US$ 350 per Metric Ton F.O.B. or as notified by DGFT from time-to-time” and “Minimum Export Price(MEP) of US$ 475 per Metric Ton F.O.B. or as notified by DGFT from time-to-time” for the item description at Serial Number 44.02 of Notification No 75(RE–2010)/2009-2014 dated 20.09.2011 is replaced by “Minimum Export Price(MEP) of US$ 400 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 all varieties of onions excluding Bangalore Rose Onions and Krishnapuram Onions will be US$ 350 per Metric Ton F.O.B. It was US$ 475 per Metric Ton for general category onion as notified on 20.09.2011.For Bangalore Rose Onions and Krishnapuram Onions it will be US$ 400 per MT F.O.B instead of US$ 475 per MT as notified on 20.09.2011.