2023-09-25 19:22:18
The central government is considering a roll back of the 40% export duty imposed on Bangalore rose onions and Krishnapuram rose onions grown in Karnataka and Andhra Pradesh, respectively, said trade sources.
The government on August 19 imposed a 40% duty on all types of onions exported from India to tame strong bullish trend in onion prices. This caused a nearly 70% fall in onion exports, said market sources.
Meanwhile, in a meeting held on Monday, traders from Nashik decided to continue their onion strike that started on September 20. This is not likely to affect the onion prices in the country.
The Agri Commodities Exporters’ Association, which represents the rose onion exporters, has requested the government to allow exports of 10,000 tonnes of Bangalore rose and Krishnapuram rose onions without export duty from October to December.
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