Today: 11 July 2025
20 August 2023
1 min read

India imposes new export duty on onions

The UAE is among the biggest markets for Indian onions along with Bangladesh, Nepal, Malaysia and Sri Lanka….reports Asian Lite News

India, the world’s biggest exporter of onions, has imposed a 40 percent export duty on onions with immediate effect. The additional duty will be in force until 31st December this year.

The UAE is among the biggest markets for Indian onions along with Bangladesh, Nepal, Malaysia and Sri Lanka.

The curbs on export have been prompted by the scantiest rainfall in a century this month in onion-growing states in India, which are creating onion shortages in the domestic market.

August is the peak season in India for onion harvesting. Pakistan, China and Egypt are among the other global exporters of onions.

The Ministry of Finance of India, which imposed the new export duty, wants to contain retail inflation caused by rising prices of vegetables and other food items.

This is the second recent effort by India to contain retail inflation caused by food prices. Last month, India imposed a ban on non-basmati white rice. India accounts for about 40 percent of the world’s source of exported rice.

ALSO READ: India and New Zealand review bilateral engagements

ALSO READ: India stresses on sharing expertise at G20

Previous Story

UAE stuns New Zealand with Muhammad Waseem’s 55

Next Story

Sudan’s civil aviation authority opens airspace in eastern sector

Latest from -Top News

Masdar powers ahead in UK

€15 billion clean energy alliance powers ahead with East Anglia THREE investment and Baltic Eagle energisation….reports Asian Lite News Masdar, the UAE-based global clean energy powerhouse, and Iberdrola, one of the world’s

Indian Doctor Gets Top Sharjah Award

The award was presented by His Highness Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah. In a moment of immense pride for the Indian diaspora, renowned paediatrician-turned-entrepreneur Dr.

Peace talks in the desert

President H.H. Sheikh Mohamed reiterated the UAE’s unwavering support for initiatives aimed at fostering sustainable peace, dialogue, and development in the South Caucasus. He also applauded the willingness of the Armenian and

World’s energy thirst to grow: OPEC

UAE sticks to 5 million bpd oil output goal as OPEC launches new World Oil Outlook at Vienna seminar…reports Asian Lite News Haitham Al Ghais, Secretary-General of the Organisation of the Petroleum

Red Sea Warzone

Iran-backed rebels intensify maritime assaults in support of Gaza; US and EU condemn abductions, Israel intercepts missile….reports Asian Lite News The Iran-aligned Houthi rebels have stepped up their maritime offensive in the
Go toTop

Don't Miss

UAE, Oman solidify ever-strengthening strategic ties

The economic and investment relations between the two countries are

India Sends Relief Supplies to Papua New Guinea

India has firmly stood by Papua New Guinea during times