The decision taken by an empowered Group of Ministers (EGoM) on Thursday to lift the ban on exports on onion completely but set a minimum export price of $600 a tonne as a precaution against further price rice of the commodity.
Meanwhile food inflation, based on the annual Price Index, eased to a two-month low in early February on moderating prices on onions and other vegetables. The food price index fell to 11.05 per cent for the week ended February 5, down from 13.1 per cent a week earlier. Economists expect further easing as vegetables prices at the wholesale level has come down further
No comments:
Post a Comment