In a significant move, the Indian government announced on Saturday that it will withdraw the 20% duty on onion exports. This decision will take effect from April 1, providing relief to exporters and farmers.
The removal of this export duty is expected to boost the country’s onion trade, helping exporters compete in the global market. It also aims to ensure that onion farmers can benefit from higher prices, as demand for onions continues to grow both domestically and internationally.
This policy change comes at a time when the government is working to support the agricultural sector and ensure better prices for farmers, especially in light of fluctuating market conditions.
With the 20% duty removed, Indian exporters are now in a stronger position to supply onions to international markets without facing additional costs, which could help them capture a larger share of the global demand for this essential kitchen staple.
