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This regulatory adjustment was announced on Saturday, as the government lifted the ban on onion exports—a move that could significantly benefit a vast number of farmers, particularly in key onion-producing regions like Maharashtra, which are gearing up for the upcoming Lok Sabha polls.
A 40% export duty on onions was introduced starting May 3. Although general exports remain restricted, exceptions are allowed for shipments to countries with friendly relations with India, such as the UAE and Bangladesh
India News: On Saturday, the government lifted the prohibition on onion exports, providing significant relief to traders in Maharashtra. This decision coincides w
India has lifted the ban on onion exports after almost six months. The Directorate General of Foreign Trade set the Minimum Export Price at $550 per tonne. Onions have historically influenced India's political landscape during elections.
Onion farmers, mostly in Maharashtra, had been protesting against the ban, citing loss of income