The government has recently taken several important decisions to increase the agriculture sector and farmers' income. Which includes increasing the customs duty on crude palm and refined sunflower oil to 20 percent and 32.5 percent respectively or reducing MEP on onions. After these decisions, from the Prime Minister of the country to the Agriculture Minister are giving statements at their own level. The government believes that these decisions will benefit the farmers 'a lot' as it will increase their income. Along with this, employment opportunities will also be created in rural areas. The Prime Minister of the country said that we are leaving no stone unturned in the interest of our farmer brothers and sisters who work day and night for the food security of the country. On the other hand, Agriculture Minister Shivraj Singh Chouhan said on his X handle that the government is working with commitment for the all-round development and welfare of the farmers.

What did PM Modi and Shivraj Singh post

Agriculture Minister Shivraj Singh Chauhan said that under the leadership of Prime Minister Narendra Modi, the government is working with commitment for the all-round development and welfare of farmers. To increase the income of the farmers and expand the agricultural sector, many such decisions are being taken by the central government, which are making the farmer brothers and sisters prosperous as well as giving new impetus to the country's economy. Before that, the Prime Minister of the country Narendra Modi had posted on the X handle that we are leaving no stone unturned in the interest of our farmer brothers and sisters who work day and night for the food security of the country. Whether it is reducing the export duty on onions or increasing the import duty on edible oils, many such decisions are going to benefit our farmers a lot. While these will increase their income, employment opportunities will also increase in rural areas.

We are leaving no stone unturned in the interest of our farmer brothers and sisters who work day and night for the food security of the country. Whether it is reducing the export duty on onions or increasing the import duty on edible oils, many such decisions are going to greatly benefit our food producers. While these will increase their income, pic.twitter.com/CgOSes5W6R

— Narendra Modi (@narendramodi) September 14, 2024

Decisions taken like this

According to the Finance Ministry notification, the basic customs duty on crude palm, soybean and sunflower seed oil has been increased from zero to 20 percent. The basic customs duty on refined palm, soybean and sunflower oil has been increased from 12.5 percent to 32.5 percent. The effective duty on these crude and refined oils will increase from 5.5 percent to 27.5 percent and from 13.75 percent to 35.75 percent, respectively.

keep domestic prices under control

The ministry said that this is a huge help for soybean and oilseed farmers. Farmers of Maharashtra and Madhya Pradesh will benefit greatly from this because the production of these oilseeds is very high here. According to the ministry, these measures have been possible due to the effective management of the government, which has been continuously falling for the last two years to control the domestic prices of edible oil. These are very sensible steps taken by the government to support soybean farmers without affecting the market sentiment. Apart from Madhya Pradesh and Maharashtra, other major oilseed producing states are Gujarat, Rajasthan, Karnataka, Andhra Pradesh, Uttar Pradesh, Telangana and Tamil Nadu.

Respected Prime Minister Shri @narendramodi The Government under the leadership of Shri Narendra Modi is working with commitment for the all-round development and welfare of farmers.

To increase the income of farmers and expand the agriculture sector, many such decisions are being taken by the Central Government, which will benefit the farmer brothers and sisters https://t.co/rFzSjzASWA

— Shivraj Singh Chouhan (@ChouhanShivraj) September 14, 2024

Big decision taken on onion

The government had earlier fixed $550 per tonne as the minimum export price (MEP), which essentially meant that farmers could not sell their produce abroad at less than this rate. A Directorate General of Foreign Trade (DGFT) notification issued on Friday removed the MEP with immediate effect. The government has also reduced the duty on onion exports from 40 per cent to 20 per cent. There is no export duty on Bangalore Rose onions.

Last week, Consumer Affairs Secretary Nidhi Khare had said that the forecast for onion availability and prices in the coming months remains positive as the area under kharif (summer) onion sowing has risen sharply to 2.9 lakh hectares till August, compared to 1.94 lakh hectares in the same period a year ago. She said that farmers and traders still have about 38 lakh tonnes of onion in storage.

Piyush Goyal gave information

Commerce and Industry Minister Piyush Goyal has said that by removing MEP and reducing the export duty from 40 percent to 20 percent, onions can be exported in large quantities. He said on the social media platform X that this decision will increase the income of farmers and exporters and will give a big boost to business in the agricultural sector. Regarding the removal of MEP on Basmati rice, the minister said that this will help in increasing exports and farmers' income.