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Government imposes 40 percent duty on onion exports till December 31
The government has imposed a 40 percent export duty on onions with immediate effect. This fee has come into force from today itself and will remain in force till 31 December 2023. The government has issued a notification regarding this. It is believed that the price of onion may increase between Rs.50 to Rs.60 in September.
The government has imposed a 40 percent export duty on onions with immediate effect. This fee has come into force with immediate effect and will remain in force till December 31, 2023. The government has issued a notification regarding this.
The Reserve Bank of India (RBI) has said in the bulletin that tomato prices may see a further rise in August. However, in recent data, there has been some decline in the prices of tomatoes. It has been assumed in many reports that onion prices may also see a jump in the month of September. The price of onion is likely to range from Rs 50 to Rs 60.
Many traders say that apart from a large share of poor-quality onions, high inflation in other vegetables is also responsible for driving up onion prices.
Last week, the government announced the immediate release of onions in October. The government will immediately release onions from the buffer stock. This decision has been taken to control the prices till the arrival of new crops.
