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Hindu govt bars onion exports till January 15
21.12.2010 09:30 "Agro Perspectiva" (Kyiv) —
The government on Monday steeped in to stem rising onion prices by suspending the export of the key food item until January 15.
To placate anger against sky rocketing prices, the Centre got into action in the morning itself and asked farm cooperative Nafed and other agencies to «voluntarily» suspend onion exports.
By evening, the agriculture ministry issued a statement saying the minimum export price was being more than doubled to $1200 a tonne from $500 per tonne at present. The move will make Indian exports uncompetitive in the global markets, and make it virtually impossible to export onions.
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