Onion Export Duty Doubled

EghtesadOnline: The Agriculture Ministry has raised customs duty on onion export from 50% to 100% to lower prices in the domestic market.

News ID: ۷۵۲۱۷۲

07 January 2023

The Agriculture Ministry has raised customs duty on onion export from 50% to 100% to lower prices in the domestic market.

The measure comes as onion registered the highest month-on-month price rise for a food item in the ninth month of the current Iranian year (Nov. 22-Dec. 21) with 25.4%, latest data released by the Statistical Center of Iran show.

Onion was sold for 158,866 rials (38 cents) per kilogram in the month under review.