https://www.taxtmi.com/news?id=12154 Reduction of the Minimum Export Price (MEP) for onions to USD 350 per metric tonne is an IMC determined regulatory adjustment taken to balance domestic supply and export competitiveness. The IMC, constituted under the Cabinet Committee on Prices and chaired by the Joint Secretary, Department of Commerce, sets MEPs by assessing arrivals and modal wholesale prices in key markets. After prior increases to restrict exports during a supply shock, the IMC reduced the MEP in response to improved arrivals and falling wholesale prices to stabilize domestic prices while supporting farmers and making exports more competitive. en-us Thu, 19 Dec 2013 18:23:20 +0530 Thu, 19 Dec 2013 18:23:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=12154 Reduction of the Minimum Export Price (MEP) for onions to USD 350 per metric tonne is an IMC determined regulatory adjustment taken to balance domestic supply and export competitiveness. The IMC, constituted under the Cabinet Committee on Prices and chaired by the Joint Secretary, Department of Commerce, sets MEPs by assessing arrivals and modal wholesale prices in key markets. After prior increases to restrict exports during a supply shock, the IMC reduced the MEP in response to improved arrivals and falling wholesale prices to stabilize domestic prices while supporting farmers and making exports more competitive. News - Thu, 19 Dec 2013 18:23:20 +0530 https://www.taxtmi.com/news?id=12154