Current Affairs

Central Government Banned Export of Onions

Current context: Government banned the export of Onions and put a stock limit on traders.
Central Government Banned Export of Onions 
  • The government has taken the following actions to control the rising price of onions in the domestic market:
    • Imposed stock limits on onion traders (limit of 100 quintals on retail traders and 500 quintals on wholesale traders) to facilitate the release of stocks in the market.
    • Banned export of onions with immediate effect till further orders (on 13th September 2019, the Minimum Export Price of US$ 850 F.O.B. per metric ton was imposed).
    • A Central buffer of about 56,700 MT was built by the Government through NAFED.
    • Export below Minimum Export Price to Bangladesh & Sri Lanka will be immediately stopped.
    • The export policy of onions was changed by the commerce and industry ministry, that is now made ‘prohibited’ from ‘free’ earlier.
  • UAE, Bangladesh and Sri Lanka are the top three destinations for Indian Onions.

Question: 

Q.1 Recently, the government has changed the export policy of Onion from earlier ‘free’ to ______?
a. Reserved
b. Prohibited
c. Charged
d. Exempted
Central Government Banned Export of Onions Central Government Banned Export of Onions Reviewed by Neha Verma on September 29, 2019 Rating: 5

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