19/10/2023 | India
Indian onion prices still on the rise
To mitigate rising prices and increase the volume of onions available on the domestic market, India had imposed high taxes (40%) on onion exports. But 2 months after this decision, prices are still rising.
According to local media reports, onion prices continue to show an upward trend. On the Lasalgaon wholesale market (Nashik district, Maharashtra state), the average price is currently higher than in August, before the decision to impose taxes on exports.
This upward trend is set to continue until the end of November, say industry professionals. Normally, the new harvest starts in October, but this year the delayed monsoon and the long dry spell in August have affected production. The new crop will reach the market towards the end of November.
source : indianexpress.com
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