India
has raised the minimum export price for onions, to maintain price levels at
home, as fears grow of a shortage because of adverse weather conditions.
Effective
immediately, exports of onions can only take place at or above the price of
$500 (£292) per tonne.
That
is a 67% jump from the government's recent pricing policy on a key ingredient
for Indian dishes.
Two
weeks ago the government had set a minimum export price of $300 per tonne.
But
at a recent meeting the government's findings showed that wholesale and retail
prices of onions have been going up.
The
inter-ministerial committee said in a statement
