The Government of India has announced that it will cancel 20% export duty onions. The result will come into effect from April 1. The Revenue Department of the Ministry of Finance has issued a notification on this decision. The official report of the government said the move was taken to protect the interests of the farmers. For this, a letter was received from the Consumer Department to the Revenue Department. After this, the government has decided to eliminate the export duty.
In December 2023, the federal government banned its exports, considering the increase in onion prices in the country. After this, by May 2024, it was allowed to sell onions abroad, at least $ 550 per tonne and 40 per cent export duty per ton. The minimum export price was canceled by September 2024 and the export duty was reduced to 20 per cent, which has now been decided to eradicate.
Read: Onion Price: Removal of export duty is impact on the price, know the price from Bihar to Maharashtra
What is Mathematics to impose and eliminate export duty?
Therefore, when the prices of onions are touched by the country, the government has banned exports, then a little later, after a while, then a short time, 20 % of the export duty, so that the onion does not reduce the onion, so that the prices are not increased, and the prices are not now in the state season.
How can the farmers benefit from this
Due to the export duty of onion, farmers were having trouble selling onions abroad. They could not benefit from selling onions abroad. At the same time, due to the production of onion bumper, it does not get a fair price in the country. Because of this, the farmers suffered. Since the tax on onion exports has now been eliminated, farmers can easily sell onions abroad.
What effect will be for common consumer
By the way, the government is taking all measures to keep the onion prices under control. But after export duty from onion, onion prices may increase in the country. In fact, now farmers and traders sell more onions in other countries. In such a situation, there may be onion shortage in the country. At the same time, you can also see a decrease in the onions of good quality. Because of this, people will have to loosen more bags to buy onions.
The full story of onion in the country
Now while walking, we will tell you what the story of onion production in the country is. So India produces about 28-30 million tonnes of onions every year. With this, India is the largest onion in the world. The crop is sown three times a year in India. The first season Garip. That is, the harvest between July to August and between October-December. After this, sowing in October-November, it is also known as the late Carib season. The crop is harvested between January and March. At the same time, the third season is rabbi onion, which is sown between December-January and cut between March and May. During these three seasons, rabbi crop onions produce 75 percent of the country’s total production. It can save a relatively for a long time.
Read: The Agriculture Minister said that India’s onion will reach all over the world
Maharashtra is India’s largest production state. After this, the number of Madhya Pradesh, Karnataka, Gujarat, Rajasthan, Bihar, Telangana, Andhra Pradesh, Uttar Pradesh and Haryana.
