The Indian government has announced that there will be no ban on the export of onions, despite the recent surge in prices. This announcement was made by the Ministry of Consumer Affairs, Food and Public Distribution on Tuesday.
The ministry said that the government has taken several steps to ensure that the prices of onions remain stable. These steps include increasing the minimum export price (MEP) of onions, imposing stock limits on traders, and increasing the import of onions from other countries.
The ministry also said that the government is closely monitoring the situation and will take further steps if necessary. It added that the government is committed to ensuring that the prices of onions remain stable and that the availability of onions in the market is not affected.
The government’s decision to not impose a ban on the export of onions comes as a relief to farmers and traders who were worried about the impact of such a ban on their livelihoods.
The prices of onions have been rising steadily in recent weeks due to a shortage in supply. This has been attributed to the delayed monsoon and the unseasonal rains that have affected the crop in some parts of the country.
The government’s decision to not impose a ban on the export of onions is likely to help stabilize the prices in the domestic market. It will also help farmers and traders who depend on the export of onions for their livelihoods.