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Reputation: 642,713  •  Aug 22, 2023 12:11 PM
Onion traders seek floor price for export duty
Onion traders seek floor price for export duty
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.
The Economic Times

https://economictimes.indiatimes.com/news/economy/agricul...
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