Onion Export Duty Axed: A Boost for Farmers

The government has withdrawn the 20% customs duty on onion exports, effective April 1, aiming to boost farmers' income. Agriculture Minister Shivraj Singh Chouhan emphasized this move as part of a farmer-friendly approach to secure better and remunerative prices for farmers in global markets.

The government has announced a significant decision to remove the 20% customs duty on onion exports starting April 1, a move designed to benefit farmers economically, according to Agriculture Minister Shivraj Singh Chouhan.

Chouhan highlighted that previously, the export duty was set at 40% but was reduced to 20% due to declining onion prices, impacting farmers' returns. By eliminating the duty entirely, the government aims to stabilize and potentially increase farmers' income by allowing access to global markets.

The minister reiterated the government's commitment to being 'farmer-friendly,' with a focus on ensuring remunerative prices. The Finance Ministry issued a notification confirming the duty withdrawal, underscoring the government's strategy to shield domestic farmers from price volatility.

(With inputs from agencies.)