Current Affairs - Economy - Discussion
Discussion Forum : Economy - Latest Current Affairs (Q.No. 179)
179.
What was the minimum export price (MEP) of onions per tonne before the Indian government removed it?
Answer: Option
Explanation:
The Indian government had set a minimum export price (MEP) of USD 550 per tonne for onions to regulate their export. However, to encourage exports and benefit farmers, the government has now removed this threshold, allowing onions to be sold internationally at competitive prices, taking advantage of the global surplus. This move is expected to boost India's onion exports and support farmers in major onion-producing states like Maharashtra.
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