Government removed export duty on this variety of onion, will prices fall?

Before the arrival of big festivals like Durga Puja and Diwali, the Central Government has made complete preparations to control inflation. The government has its eyes on the general public as well as the farmers. This is the reason why the Center removed export duty on Bengaluru Rose variety of onion.

The Central Government has taken a big decision in the interest of onion producing farmers. He has removed export duty on onion. Due to this lakhs of farmers have heaved a sigh of relief. It is being said that this decision of the Central Government will greatly benefit the farmers. Now they will be able to get fair rates of onion. At the same time, the Finance Ministry has also issued a notification regarding removal of export duty on onion.

The special thing is that the Central Government has removed export duty only on Bengaluru Rose variety of onion. The government has said in the notification that export has been allowed with certain conditions. The government believes that this decision will directly benefit onion producing farmers.

Onion is being sold at Rs 30 to 35 per kg

In fact, to control the rising prices of onion, the central government had imposed 40 percent duty on the export of onion in the month of August. Then the government had said that it had taken this decision to stop inflation. 40 percent export duty on onion will continue till December 31, 2023. The government hoped that by doing this the export of onion from the country would reduce. This will increase the stock of onion. In such a situation, onion prices will start falling. However, this decision of the government has caused some decline in onion prices. Onion, which was available at Rs 40 per kg, is now being sold at Rs 30 to Rs 35 per kg.

Onion is supplied in these countries

Let us tell you that Bengaluru Rose variety is in high demand abroad. Its maximum export is to countries like Thailand, Taiwan, Malaysia and Singapore. At the same time, the exporter will have to show a certificate from the Horticulture Commissioner of Karnataka regarding the Bengaluru Rose onion being exported and its quality. Because the government has made it mandatory to show the certificate.