Tag: Government Policy

  • Onion

    Impact of Government’s 40% Export Duty on Onions: A Closer Look

    In a bid to counter the growing concerns surrounding soaring onion prices and compromised quality, the Indian government has taken a decisive step by imposing a 40% export duty on onions. The urgency of this move arises from reports indicating a potential doubling of household onion prices by September. This price surge, coupled with a significant decline in quality due to prolonged summer heat, has prompted the government to intervene and ensure a stable onion market. With the export duty effective until December 31st, 2023, the focus now shifts towards maintaining a balance between domestic supply, quality enhancement, and revenue generation. This strategic decision aims to not only alleviate short-term challenges but also lay the groundwork for a more resilient onion industry in the long run.