Nashik: Onion Export Duty Hurts Farmers, Prices Drop to ₹700 per Quintal in Lasalgaon Bazar Samiti

Nashik: Onion Export Duty Hurts Farmers, Prices Drop to ₹700 per Quintal in Lasalgaon Bazar Samiti

The export price of onion, including the minimum export price and export duty, ranges from ₹65 to ₹70 per kg, which exporters have to pay.

Prashant NikaleUpdated: Sunday, May 19, 2024, 01:36 PM IST
article-image
Nashik: Onion Export Duty Hurts Farmers, Prices Drop to ₹700 per Quintal in Lasalgaon Bazar Samiti | File Photo

After the central government lifted the ban on onion exports, the inflow of summer onions continues in Lasalgaon Bazar Samiti, Asia's largest onion market.

However, the imposition of export duty on onion exports is negatively affecting both exporters and producers, causing onion prices to fall. Onion producers criticise the government's decision to lift the export ban as merely a show for farmers, as prices have fallen to ₹700 per quintal.

The export price of onion, including the minimum export price and export duty, ranges from ₹65 to ₹70 per kg, which exporters have to pay. While the Centre has allowed the export of kharif onions, it has also imposed an export duty, creating a kind of scam. As a result, onion prices are being adversely affected. Onion producers demand the unconditional lifting of the export ban.

After the export ban was lifted, farmers started bringing their stored onions to the market committee to buy fertilizer and seeds. On May 4, onions fetched an average price of ₹2100 per quintal. However, following the announcement of the export duty, onion prices began to fall again. Compared to May 4, the average price of onions fell by ₹700 to ₹1400 per quintal.

RECENT STORIES

Man Detained For Attempting To Blacken Face Of Organising Committee Office-Bearer At Marathi Sahitya...

Man Detained For Attempting To Blacken Face Of Organising Committee Office-Bearer At Marathi Sahitya...

Maharashtra Deputy CM Ajit Pawar Targets BJP Over Pune’s Development Failures, Seeks Mandate For...

Maharashtra Deputy CM Ajit Pawar Targets BJP Over Pune’s Development Failures, Seeks Mandate For...

Author Pradeep Kokare Alleges He Was Barred From Marathi Sahitya Sammelan For Wearing Black Shirt...

Author Pradeep Kokare Alleges He Was Barred From Marathi Sahitya Sammelan For Wearing Black Shirt...

Pune Charity Commission Files Case Against Deenanath Mangeshkar Hospital In Tanisha Bhise Case

Pune Charity Commission Files Case Against Deenanath Mangeshkar Hospital In Tanisha Bhise Case

Pune: No Mayor Without Shiv Sena’s Support In Maharashtra, Claims Industries Minister Uday Samant...

Pune: No Mayor Without Shiv Sena’s Support In Maharashtra, Claims Industries Minister Uday Samant...