The government on Saturday imposed a 40 per cent duty on the export of onions to check price rise and improve supplies in the domestic market till December 31, 2023.
Earlier today, the Finance Ministry issued a notification stating that they have imposed a 40 per cent export duty on onions till December 31, 2023.
“Government imposes 40 per cent duty on onion exports till December 31,” the Ministry stated.
The export duty comes amid reports that onion prices are likely to rise in September.
Earlier on August 11, the central government started releasing the staple vegetable from its buffer stock.
The central government had earlier decided it will maintain 3 lakh tonne of onions in the 2023-24 season as buffer stock. In 2022-23, the government maintained 2.51 lakh tonne onion as buffer stock. (ANI)
