The Centre has withdrawn 20 per cent duty on onion export, effective from April 1. A notification to this effect was issued by the Department of Revenue on Saturday on the communication of the Department of Consumer Affairs.
Notably, it is for the first time that bulk transport of onions by rail rake has been adopted under price stabilization intervention.
GDFT has permitted the export of an additional 10,000 metric tons (MT) of onions to the UAE (above 24,000 tons already allowed) and 10,000 tons to Sri Lanka, facilitated through the National Cooperative Exports Limited (NCEL).
The exact selling price of onions to Bangladesh by NCEL remains undisclosed, the report said.
The prices of onions have come down to Rs 60-70 from its peak of Rs 160 per kg.
