Export Duty on Onion to Stay Till Retail Prices Cool
Financial Express Chennai|December 26, 2024
DESPITE A SHARP fall in mandi prices of onions due to arrival of kharif crop, the government is unlikely to remove 20% export duty on the staple vegetable citing higher retail prices.
SANDIP DAS

"We have to wait till retail prices come down for (withdrawal of) export duty," an official with the department of consumer affairs said.

While the modal retail prices of onions were ₹40/kg on Tuesday, in several cities prices are around ₹50/kg which is still 'higher' in comparison to the mandi prices of the staple vegetable. With arrivals of the fresh kharif crops, the average mandi prices of onions at Lasalgaon, Nashik, Maharashtra, the hub of the country's wholesale trade has declined by more than 50% to ₹1,900/quintal on Tuesday from ₹4,000/quintal prevailing in the last month.

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