Stay updated with breaking news from Union Traders. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Onion traders from Nashik's Lasalgaon have called for a ‘bandh’ to protest against the Centre's decision to impose 40% export duty on onions. Farmers are also unhappy about the govt decision to purchase only 2 lakh metric tonnes at Rs 2,410/quintal
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.