India Implements 40% Export Duty on Onions to Stabilize Prices
India has imposed a 40% export duty on onions until December 31 in an effort to increase the availability of the vegetable domestically and curb rising prices. The move is expected to make Indian onions more expensive than those from Pakistan, China, and Egypt, reducing exports and helping to lower local prices. Erratic weather conditions and a dry August have raised concerns about lower onion yields, prompting the government to take precautionary measures. The export duty may lead to price increases in other Asian countries that rely on Indian onion shipments.