Onions Are Subject To A 40% Export Tax Until December 31.

To Prevent Price Increases And Boost Supplies In The Domestic Market Through December 31, 2023, The Government Imposed A 40% Duty On Onions 

Earlier Today, The Finance Ministry Announced A 40% Rise In The Export Duty For Onions Through December 31, 2023.

The Ministry Declared: “The Government Imposes A 40% Duty On Onion Exports Until December 31.”

The Announcement Of The Export Tax Came As Rumors Indicated That The Price Of Onions Will Rise In September.

On August 11, The Federal Government Started Distributing The Staple Vegetable From Its Buffer Stock.

For The Crop Season Of 2023–2024, The Central Government Had Already Planned To Preserve A Buffer Stock Of 3 Lakh Tonnes Of Onions. In 2022–2023, The Government Held A Buffer Stock Of 2.51 Lakh Tonnes Of Onions.

In The Event That Rates Sharply Rise While There Is A Shortage Of Supply, A Buffer Stock Is Kept On Hand To Meet Unforeseen Needs And Keep Prices Stable.