KARACHI: Amid thriving exports and rising domestic prices, the Ministry of Commerce has fixed the minimum export price (MEP) of onion at $1,200 per tonne (FOB).
All Pakistan Fruit and Vegetable Exporters, Importers and Merchants Association (PFVA) Patron-in-Chief Abdul Waheed Ahmed said that the Trade Development Authority of Pakistan has issued a notification on Jan 12 quoting the commerce ministry, which also states that the export of onions will be allowed only under advance payment terms.
The national average price of onion has risen to Rs180-260 per kg during the week ending on Jan 11 from Rs160-250 in the preceding week, according to the PBS data.
When India imposed a ban on onion exports on Dec 8, 2023, the national average price of the vegetable in Pakistan was Rs130-220 per kg during the week ending Dec 7, 2023.
