The central government has exempted the export of ‘Bangalore rose onion’ from recently imposed duty, with a small rider. Bangalore rose onion is a variety of onion grown in and around Bengaluru in Karnataka. Earlier in the same month, the central government started releasing the staple vegetable from its buffer stock. In 2022-23, the government maintained 2.51 lakh tonne onion as buffer stock. Buffer stock is maintained to meet any exigencies and for price stabilisation, if rates go up significantly during the lean supply season.

Source: Hindustan Times October 02, 2023 04:12 UTC