Government has decided to extend export duty benefits to onion for promoting its outbound shipments to arrest steep fall in onion prices and protect farmers interest. Commerce and Industry Minister Nirmala Sitharaman said in New Delhi that the duty benefits for export of both fresh and stored onions will be available till December 31 Official data showed the wholesale prices at the Asia's biggest onion market at Lasalgaon in Maharashtra have crashed to Rs. 6 per kg on Friday compared to Rs. 48.50 per kg in the year-ago period.Farmers in Maharashtra and Madhya Pradesh, which are among leading onion-producing states, have taken to distress sale of the bulb due to higher supply and unsold stock.
News On AIR | August 27, 2016 8:23 AM
Govt extends export duty benefits on onion to tackle steep fall in its prices