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Onion Price: Keeping in mind the interests of farmers after the fall in onion prices, the government has decided to withdraw 20 percent export duty on onion exports. This decision will be considered applicable from April 1, 2025. At present, the government charges 20 percent export tax on exporting onion of the country.
In the notification issued by the Central Board of Indirect Taxes and Customs, it has been told that the central government has decided to “zero” the export duty on public interest onion. It states that this notification will be applicable from 1 April 2025. In fact, the central government banned its exports in December 2023 in view of the huge rise in onion prices in the country. After this, in May 2024, it was allowed to sell onions abroad with a minimum export price limit of minimum $ 550 per ton and 40 percent export duty. The minimum export price was terminated in September 2024 and the export duty was also reduced to 20 percent, which has now been decided to completely abolish.
Despite the export ban, the total onion exports during FY 2023-24 have been 17.17 lakh tonnes and in FY 2024-25 (till March 18) 11.65 lakh tonnes. According to the government, the monthly onion export quantity has increased from 72 thousand tons in September 2024 to 1.85 lakh tonnes in January 2025. The Ministry of Consumer Affairs said, this decision is another proof of the government’s commitment to ensure beneficial prices for farmers and keep the price of onion under the control of farmers. Wholesale and retail prices have declined after expecting a good amount of rabi crops.
Even though, the current market prices are above the level of the same period previous years, but the All India weighted average model prices have seen a decline of 39 percent. Similarly, the All India average retail prices have fallen by 10 percent in the last one month. The Ministry of Agriculture estimates that this year Rabi onion production will be 227 lakh tonnes, which is 18 percent more than the previous year’s 192 lakh tonnes. Rabi onion, which holds 70-75 percent in India’s total production, is important for market stability until the arrival of kharif crop starts in October-November. The ministry said, “In this session, the estimates of high production may reduce prices in the coming months.
