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Govt Imposes 40% Duty On Onion Exports Until December 31 To Improve Local Supplies | Top News
Posted
August 20, 2023
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374
August 20, 2023
374
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2:30Now PlayingTop News | The government slapped a 40% export levy on onions on Saturday, with immediate effect, to contain price increases and enhance supply in the home market. This export tariff is in effect until December 31, 2023.
According to consumer affairs ministry statistics, the all-India average retail price of onion was Rs 30.72 per kg on Saturday, with a high price of Rs 63 per kg and a lowest price of Rs 10 per kg. In its August 4 report, rating agency Crisil warned that onion might be the next tomato, with retail prices reaching Rs 60/70 per kg by month's end. Onion prices have continued to grow this month, and analysts predict that prices will rise much further in September. Keep an eye on Mirror Now for the latest developments.
#uniongovernment #bjp #exportduty #onions #consumeraffairs #topnews #englishnews #latestnews #latestupdates
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