Page 8 - Export Duty News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The government on August 19 imposed a 40% duty on all types of onions exported from India to tame strong bullish trend in onion prices. This caused a nearly 70% fall in onion exports, said market sources. Meanwhile, in a meeting held on Monday, traders from Nashik decided to continue their onion strike that started on September 20. This is not likely to affect the onion prices in the country.

The government on August 19 imposed a 40% duty on all types of onions exported from India to tame strong bullish trend in onion prices. This caused a nearly 70% fall in onion exports, said market sources. Meanwhile, in a meeting held on Monday, traders from Nashik decided to continue their onion strike that started on September 20. This is not likely to affect the onion prices in the country.

Auctions of onions remained closed at most of the APMCs in the district, including at Lasalgaon, the largest wholesale onion market in India, on August 20

India's tax on parboiled rice exports has led to a halt in trade activity. However, it is expected to restart after the duty becomes nil post-Oct. 15. The prices for 5% broken parboiled rice in India remained near a record high, while Vietnamese and Thai export rates eased slightly. The prices for 5% broken rice in Thailand and Vietnam have dropped due to a weaker baht and lower demand from the Philippines.

India Export: India's tax on parboiled rice exports has led to a halt in trade activity. However, it is expected to restart after the duty becomes nil post-Oct. 15. The prices for 5% broken parboiled rice in India remained near a record high, while Vietnamese and Thai export rates eased slightly. The prices for 5% broken rice in Thailand and Vietnam have dropped due to a weaker baht and lower demand from the Philippines.