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India cuts floor price for onion exports again
09.03.2011 10:00 "Agro Perspectiva" (Kyiv) —
India has cut the floor
price for onion exports to $350 per tonne, a government
statement said, its second reduction this month, boosting
prospects of overseas sales of the vegetable from the
worlds second biggest producer.
«Minimum Export Price (MEP) of onions other than Bangalore
Rose Onions and Krishnapuram onions will be $350 per tonne F. O. B.,» said the Directorate General of Foreign
Trade, an arm of the trade ministry, in the statement issued
late Tuesday.
On March 1, the government had lowered the MEP to $450 per tonne from $600.
Last month, the government lifted a ban on onion exports
to help farmers after supplies eased, bringing prices down
from a record high.
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