Tensions over pricing issues related to sugar mills in Maharashtra escalated as farmers set ablaze two tractors carrying sugarcane from Karnataka. | Latest News India
Belagavi: Hundreds of farmers, under the banner of Shetkari Sanghatan led by Raju Shetty, Karnataka Rajya Raita Sangha Mathu Hasiru Sene, Karnataka Ra.
Barely days after imposing a 40 per cent export tax on onions to cool down soaring prices, which, in turn, triggered widespread protests across the main growing belts, the Centre on Tuesday sought to mitigate both political and economic tensions gripping parts of Maharashtra.
It decided to procure an additional 200,000 tonnes of onions at Rs 2,410 per quintal for its buffer stock from farmers, a rate that is strikingly close to the price at which they were being exported before the 40 per cent duty was levied on August 19.
The export price before the imposition of the duty stood at around $320 per tonne free on board (approximately Rs 2,650 per quintal).
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