Centre doubles export incentives for onion farmers to 10%

Government has doubled the export incentives for onionfarmers from existing 5 per cent to 10 per cent.

In a release, Agriculture Ministry said, this will result inbetter price for Onion in domestic markets. At present the Onion arrivals haveincreased in the market due to which the prices in the Mandis are subdued.

The Ministry said, to contain the situation, it has beendecided to encourage exports of Onions so that the domestic prices stabilize.

The export incentive for fresh Onions was zero before July,2018. During July this year, the incentives were introduced at the rate of fiveper cent. The Ministry said, now, with the current increase, Onions enjoy oneof the highest incentives for Agro-exports.

This timely intervention will help the farmers who haverecently harvested their produce and who have sowed or recently transplantedtheir seeds, expecting better prices.

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