Foreign news agencies report from New Delhi. India on December 9 that the Indian Ministry of Commerce issued a statement last Thursday Suspension of onion exports It will be effective until March 31, 2024.
Such a movement occurred After increasing the onion export tax rate to 40% since the end of August. In the past, it will be effective until December 31, 2023 in order to maintain the stability of the domestic food market. Because onions are expensive in India right now.
While there is analysis and criticism that This measure is a government campaign. India will have general elections in 2024. However, the fact that India, the number one exporter of onions in the world, restricts such exports. This may result in a shortage of onions in the world market. And the price may increase as well. This is because other countries do not yet have the potential to export this type of product in quantities equal to India.
Image credit: GETTY IMAGES
#India #suspends #onion #exports #Effective #March #Daily #News
2023-12-09 03:09:00
