India lifts onion export ban, sets minimum price at $550/tonne to stabilize domestic market.

India lifts onion export ban; sets min. price at $550/tonne. The move aims to stabilize domestic market, prevent price volatility, and benefit exporters/farmers. The decision follows a decline in domestic onion prices & increased supply, leading to market stabilization. The minimum export price ensures fair pricing for farmers and addresses domestic price fluctuations.

May 04, 2024
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