The Indian government has reduced the export duty on onions from 40% to 20%, effective September 14, 2024. This significant policy shift aims to boost onion exports, stabilize domestic prices, and support farmers. Explore the potential impacts of this decision on the global market and local stakeholders.
Discover how the Indian government's proactive onion procurement of 71,000 tons aims to stabilize market prices amidst promising monsoon conditions. Learn about the strategic measures taken by the Indian government to acquire 71,000 tons of onions, anticipating a positive impact on retail prices with the onset of the monsoon. Explore the details of the government's efforts to maintain price stability through the procurement of 71,000 tons of onions, strategically timed alongside the progress of the monsoon across India. Delve into how the Indian government's acquisition of 71,000 tons of onions is set to alleviate price volatility, leveraging the expected benefits of a normal monsoon season.