Increase in import duty on edible oil to help farmers: Shivraj Singh Chouhan
3 months, 1 week ago

Increase in import duty on edible oil to help farmers: Shivraj Singh Chouhan

The Hindu  

Union Minister of Agriculture Shivraj Singh Chouhan welcomed the decision to increase the import duty on edible oils from 0% to 20% and said it was a big move in favour of farmers’ welfare. In a statement in New Delhi on Saturday, the Minister also welcomed the decision to remove minimum export duty on Basmati rice, as well as the increase in basic duty on refined oil to 32.5%, and said such announcements prove that the Narendra Modi government stands for farmers’ welfare. “With the removal of export duty, Basmati-producing farmers will get a fair price for their produce and it will result in increase in demand for Basmati rice and exports will also increase,” he said. “With the reduction in export duty, onion farmers will get good prices for onions and exports will also increase.

Oil Farmers Rice Prices Centre Ministry Export Basmati Increase Basmati Rice Chouhan Export Duty Good Prices Duty Onion  increase  oil  export  shivraj  rice  retail  help  chouhan  edible  decision  soybean  farmers  singh  duty  onion  prices  import

History of this topic

Shivraj Singh Chouhan, Agriculture Minister, responds to why onion prices are high
1 month ago

Shivraj Singh Chouhan, Agriculture Minister, responds to why onion prices are high

India TV News  

As the prices of onion skyrocketed in the last couple of months, Union Agriculture Minister Shivraj Singh Chouhan on Sunday spoke about the reason for such a rise. Moreover, the export duty on onion has also been reduced from 40 per cent to 20 per cent due to which the prices increased in the domestic market. Notably, In December 2023, …

Ahead of festivals, Centre plans steps to keep prices of commodities stable
2 months, 3 weeks ago

Ahead of festivals, Centre plans steps to keep prices of commodities stable

Hindustan Times  

The Centre has initiated several steps to keep prices of essential commodities stable ahead of the festive season, when demands soar, increasing the number of goods whose prices are federally monitored, a senior official said. Effective September 14, the government raised the basic customs duty on crude soyabean oil, crude palm oil and crude sunflower oil to 20% from zero, …

Breaking News: Boost for Farmers as Modi Govt Increases Onion and Basmati Rice Exports | ABP News
3 months, 1 week ago

Breaking News: Boost for Farmers as Modi Govt Increases Onion and Basmati Rice Exports | ABP News

ABP News  

The Indian government has recently lifted the Minimum Export Price restrictions on onions and basmati rice, which were previously imposed to control domestic prices. Previously, the government had set the MEP at $550 per ton for onions and $950 per ton for basmati rice. These limits prevented the export of onions and basmati rice at prices lower than the set …

India plans to raise vegetable oils import taxes, government sources say
3 months, 3 weeks ago

India plans to raise vegetable oils import taxes, government sources say

Hindustan Times  

By Rajendra Jadhav and Mayank Bhardwaj India plans to raise vegetable oils import taxes, government sources say MUMBAI -India is considering an increase in import taxes on vegetable oils to help protect farmers reeling from lower oilseed prices, two government sources said on Wednesday. Increasing import taxes is one of the options," said a government source, who asked not to …

India plans to raise vegetable oils import taxes, government sources say
3 months, 3 weeks ago

India plans to raise vegetable oils import taxes, government sources say

Hindustan Times  

By Rajendra Jadhav and Mayank Bhardwaj India plans to raise vegetable oils import taxes, government sources say MUMBAI, - India is considering an increase in import taxes on vegetable oils to help protect farmers reeling from lower oilseed prices, two government sources said on Wednesday. Increasing import taxes is one of the options," said a government source, who asked not …

Farmers, traders link Centre’s decision to lift ban to polls
7 months, 2 weeks ago

Farmers, traders link Centre’s decision to lift ban to polls

Hindustan Times  

The Centre’s decision to lift the ban on onion exports has come less than weeks before Maharashtra’s onion belt goes to polls. Along with that, the Centre also put a 40 per cent additional duty on export prices, according to a notification issued by the Directorate General of Foreign Trade. Jaydutta Holkar, director at the country’s largest wholesale market Lasalgaon …

Government lifts ban on onion exports, imposes minimum export price of USD 550 per tonne
7 months, 2 weeks ago

Government lifts ban on onion exports, imposes minimum export price of USD 550 per tonne

India TV News  

The government today lifted the ban on onion exports but imposed a minimum export price of USD 550 per tonne. "The export policy of onions is amended from prohibited to free subject to MEP of USD 550 per metric ton with immediate effect and until further orders," the directorate general of foreign trade said in a notification. As per the …

Onion price spike is partly due to manipulation by traders: Consumer Affairs Secretary
1 year, 1 month ago

Onion price spike is partly due to manipulation by traders: Consumer Affairs Secretary

The Hindu  

Ahead of the festival season and Assembly elections in five States, the rising prices of several essential items are creating a headache for BJP-ruled governments. For instance, onion prices, according to government data, are more than double last year’s rates. Union Consumer Affairs Secretary Rohit Kumar Singh maintains a watch on the prices of almost all essential grocery items, vegetables …

Onion rates sees further rise, sell at ₹70 per kg in Pune
1 year, 1 month ago

Onion rates sees further rise, sell at ₹70 per kg in Pune

Hindustan Times  

The price of onion in Pune’s retail market has risen rapidly with onion being sold at ₹60 to ₹70 per kg on Monday, up from ₹40 to ₹50 per kg just three days ago mainly due to short supply and increase in demand. As we bought onion at around ₹5,000 per quintal, it was sold at a higher price in …

Centre imposes conditional curbs on basmati rice export
1 year, 3 months ago

Centre imposes conditional curbs on basmati rice export

Hindustan Times  

The Union government has temporarily halted export of any basmati rice consignment being sold overseas for less than $1200 a tonne, while shipments contracted above that price threshold will continue to be allowed, according to an order issued on Saturday. The new measure temporarily halts all basmati rice exports contracted at a price lower than $1200 a ton The move …

Explained | Why was a 40% duty imposed on onion exports?
1 year, 3 months ago

Explained | Why was a 40% duty imposed on onion exports?

The Hindu  

The story so far: In order to increase the availability of onions in the market, especially ahead of the upcoming festive season, the government on August 19 imposed a 40% duty on the export of onions until the end of the year. The rabi crop contributes the most to production in a calendar year — market intelligence firm CRISIL’s report …

Onion farmers in Tiruppur stage protest demanding rollback of export duty
1 year, 3 months ago

Onion farmers in Tiruppur stage protest demanding rollback of export duty

The Hindu  

Onion farmers in Pongalur in Tiruppur district staged a demonstration on Saturday opposing the 40% export duty on the produce until the end of 2023. “Export duty at a time when the price is on the higher side has angered farmers since the Central government did not pay attention when the prices crashed,” founder of Tamil Nadu Vivasayigal Padukattu Sangam …

Centre asks onion farmers not to worry about export curbs, govt restarts procurement
1 year, 4 months ago

Centre asks onion farmers not to worry about export curbs, govt restarts procurement

Deccan Chronicle  

New Delhi: In a move to curb the rising price of onion ahead of festive season, the government has started the procurement of onion at Rs 2,410 per quintal in Maharashtra and Madhya Pradesh for buffer stock. The move of the government aims to guard farmers’ interest amid export curbs to handle onion price rise, commerce and consumer affairs minister …

Centre to buy two lakh metric tonnes onion at ₹2,410 per quintal: Devendra Fadnavis
1 year, 4 months ago

Centre to buy two lakh metric tonnes onion at ₹2,410 per quintal: Devendra Fadnavis

The Hindu  

Maharashtra Deputy Chief Minister Devendra Fadnavis on August 22 said the Centre has decided to purchase two lakh metric tonnes of onion at the rate of ₹2,410 per quintal, and expressed hope this will provide relief to producers of the key kitchen staple in the State. The announcement comes amid protests by farmers and traders against the Centre's decision to …

No difference if people don't eat onions for 2-4 months: Maharashtra Minister Dada Bhuse
1 year, 4 months ago

No difference if people don't eat onions for 2-4 months: Maharashtra Minister Dada Bhuse

The Hindu  

August 22, 2023 10:43 am | Updated 11:22 am IST - Mumbai Amid protests by farmers and traders against the Centre's decision to impose 40% export duty on onions, Maharashtra Minister Dada Bhuse has claimed it would make no difference if people did not consume the staple vegetable for two to four months. The State PWD minister, however, also said …

Maharashtra farmers dump onions in fields as demand drops due to 40% export duty
1 year, 4 months ago

Maharashtra farmers dump onions in fields as demand drops due to 40% export duty

India Today  

Following the drop in demand after the central government’s decision to impose a 40 per cent export duty on onions, farmers in Maharashtra’s Nashik have started destroying their onion stocks. I completely oppose the decision of the central government imposing a 40 per cent export duty," Ahwad said. Meanwhile, onion exporters said that the 40 per cent export duty will …

'It will make no difference if people don't eat onions...': Maha Minister amid protests on export curb
1 year, 4 months ago

'It will make no difference if people don't eat onions...': Maha Minister amid protests on export curb

India TV News  

Maharashtra Minister Dada Bhuse said it would make no difference if people did not consume onions for 2-4 months. Protest over Centre's decision The farmers and the traders staged protests against the Centre's decision to impose 40 per cent export duty on onions. The decision to impose export duty should have been taken with proper coordination, said Bhuse who holds …

Export duty hike on onions sparks fury among Maharashtra farmers
1 year, 4 months ago

Export duty hike on onions sparks fury among Maharashtra farmers

The Hindu  

Published : Aug 22, 2023 00:32 IST - 7 MINS READ Nivrutti Nyaharkar, a farmer from Vahegaon Saal village of Chandwad tehsil in Nashik, expressed his anger at the Agriculture Produce Market Committee Chandwad on Monday, August 21. The union government has opted to impose a 40 per cent export duty on onion exports until December 31, which essentially amounts …

Maharashtra: Farmers Protest at Wholesale Markets Against Imposition of 40 Pc Duty on Onion Export
1 year, 4 months ago

Maharashtra: Farmers Protest at Wholesale Markets Against Imposition of 40 Pc Duty on Onion Export

News 18  

Farmers in at least three districts in Maharashtra on Sunday protested at APMCs against the Centre’s decision to impose a 40 per cent duty on the export of the kitchen staple. A day after the Central government imposed a 40 per cent duty on the export of onions till December 31, 2023, wholesale markets at Satana, Malegaon and Lasalgaon, in …

Mint Explainer: Why has India imposed 40% export duty on onions?
1 year, 4 months ago

Mint Explainer: Why has India imposed 40% export duty on onions?

Live Mint  

The government on Saturday imposed a 40% export duty on onions to improve domestic supplies and tame inflation during the upcoming festive season. The export duty on onions has been imposed for the first time amid a trend of “exceptionally high exports" this year. Over the past couple of weeks onion prices have started to rise for the first time …

Centre imposes 40% duty on onion exports, to offload stocks
1 year, 4 months ago

Centre imposes 40% duty on onion exports, to offload stocks

The Hindu  

The Centre, on Saturday, imposed a 40% duty on the export of onions. “This notification shall come into force with immediate effect, and will remain in force up to and inclusive of the December 31, 2023,” a gazette notification of the Union Finance Ministry’s Revenue Department said. Consumer Affairs Secretary Rohit Kumar Singh said the decision was taken in order …

India imposes 20% export duty on non-Basmati rice
2 years, 3 months ago

India imposes 20% export duty on non-Basmati rice

The Hindu  

The Centre on Thursday imposed an export duty of 20% on rice, brown rice, and semi-milled as well as wholly milled rice except for parboiled rice to boost domestic supplies, effective September 9. The Central Board of Indirect Taxes & Customs further said the export of ‘semi-milled or wholly-milled rice, whether or not polished or glazed‘ will also attract a …

Duty-Free Import Of Edible Oils: Will Cooking Oil Prices Come Down For Consumers? Know Details
2 years, 6 months ago

Duty-Free Import Of Edible Oils: Will Cooking Oil Prices Come Down For Consumers? Know Details

News 18  

Amid the prevailing high level of inflation in the country, the government and the Reserve Bank of India have been taking several steps to tame the pace of price rise. As part of this, the Centre has also allowed duty-free import of 20 lakh tonnes of crude soyabean and sunflower oil to cool edible oil prices. Here’s what the measure …

Govt slashes edible oil duties again as prices soar
3 years, 3 months ago

Govt slashes edible oil duties again as prices soar

Hindustan Times  

The Union government on Saturday slashed duties on edible oils to a decade’s low to ease prices at home, which have spiralled on the back of high global rates. The Central government on Saturday slashed duties on edible oils to ease domestic prices, which have spiralled on the back of high global rates. The government has “further reduced the standard …

Cooking Oil Prices Surge, Government Mulls Import Duty Cut: Report
3 years, 8 months ago

Cooking Oil Prices Surge, Government Mulls Import Duty Cut: Report

News 18  

The government is likely to review the surging edible oil prices and announce relevant measures soon, reports suggest. In the wake of the increasing price, the government considers to ‘cut import duty’ on the edible oil, the Economic Times reported quoting sources. The cooking oil prices have gone up by 35-95 per cent in the last one year. The prices …

Govt relaxes import norms for onion to boost domestic supply, check prices
4 years, 2 months ago

Govt relaxes import norms for onion to boost domestic supply, check prices

India TV News  

The government on Wednesday relaxed import norms till December 15 to facilitate the early shipment of onion to boost the domestic supply and check the retail prices of the key kitchen staple. To facilitate import of onion, the ministry said, "the government has on October 21 relaxed the conditions for fumigation and additional declaration on Phytosanitary Certificate under the Plant …

Discover Related