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Onion Prices: 40% duty on certain onion varieties may be rolled back, ET Retail - Vimarsana News

Onion Prices: 40% duty on certain onion varieties may be rolled back, ET Retail

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.

onion prices: 40% duty on certain onion varieties may be rolled back - Vimarsana News

onion prices: 40% duty on certain onion varieties may be rolled back

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.