DGFT Lifted ban on Onion exports
In the fertile fields of Nashik, where onions thrive under the bright sun, a significant change has occurred. The Directorate General of Foreign Trade (DGFT) has lifted previous restrictions on onion exports, bringing new opportunities and hope for farmers. However, this newfound freedom comes with a condition: a substantial export duty of $770 per tonne. Despite this hefty fee, the decision marks a pivotal moment, allowing India's renowned onions to once again reach global markets, symbolizing a new era of trade and prosperity for the region.
kalanamak rice export Duty Reduced
In a significant shift in trade policy, the Indian government has announced a waiver that holds great promise for Kalanamak rice, a highly esteemed variety known for its exceptional quality. This decision lifts the previous export duty, allowing this premium rice to be traded without additional financial burdens. By removing these barriers, the government's decree aims to enhance the competitiveness of Kalanamak rice in international markets, providing a substantial boost to the export industry. This move not only benefits farmers and traders but also promotes the global recognition of one of India's finest rice varieties.
DGFT of India has extended sugar export restrictions
Across all types of sugars—white, raw, refined, and organic—export restrictions have been implemented, limiting the trade of these commodities. However, there are notable exemptions for exports to the United States and the European Union. Under the Tariff-Rate Quota (TRQ) and Country Exempt List (CXL) provisions, exporters to these regions benefit from relaxed restrictions, facilitating continued trade despite broader limitations. These exemptions aim to maintain key international trade relationships while managing domestic supply and demand.
