The government has imposed 40 per cent duty on onion exports till December 31 this year, the Finance Ministry said.
The duty is applicable immediately, it said.
The move comes as onion prices continue to rise this month. Reports said onion prices are likely to keep rising in September
Tomato prices, on an average, also registered a further increase in August so far, although more recent data indicate some pullback in rates, the Reserve Bank of India (RBI) said in its bulletin on Thursday.
Onion and potato prices also registered sequential increase, the bulletin said
On August 11, the central government started releasing onion from its buffer stock, news agency ANI reported.
The government had decided it will maintain 3 lakh tonne of onions in the 2023-24 season as buffer stock. In 2022-23, the government maintained 2.51 lakh tonne onion as buffer stock.
