The government today imposed a minimum export price (MEP) of USD 850 per tonne on onion to increase domestic supplies and check rising prices. Onion MEP was scrapped in December 2015. Also, the new 2017-18 kharif crop -- which is being harvested -- is expected to be less owing to fall in acreage. About 40 per cent of the country's total onion crop is produced in the kharif season, and the rest during the rabi season. The kharif crop, however, cannot be stored.
Source: Economic Times November 23, 2017 11:03 UTC