Centre withdraws 20% export duty on onions, effective April 1
1 week ago

Centre withdraws 20% export duty on onions, effective April 1

Live Mint  

The central government announced on Saturday, March 22, that the 20 per cent export duty on onions will be withdrawn effective April 1, 2025, to protect farmers' interests amid softening prices. “Even though the current mandi prices are above the level during the corresponding period of previous years, a decline of 39 per cent is observed in the all-India weighted average modal prices,” said the ministry. All-India weighted average modal prices fell 39 per cent, while retail prices dropped 10 per cent over the past month. The agriculture ministry estimates rabi onion output to be 227 lakh metric tonnes tonnes this year, 18 per cent higher than last year's 192 lakh tonnes.

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