Onion traders seek floor price for export duty, Retail News, ET Retail
The onion trade has requested the government to introduce a floor price for calculating export duty on onions in order to ensure fairness among all stakeholders. Bans and restrictions on wheat, rice, and onion exports are causing revenue losses and inventory pileups for businesses. The government has imposed a 40% export duty on onions to control rising prices, but there is concern that certain ports and stakeholders may have an advantage.
Jayadatta Holkar Lakshay Gupta Rajit Shah Horticulture Produce Exporter Association Onion Conundrum Export Duty
Source: indiatimes.com