India has decided to extend the prohibition on onion exports indefinitely in anticipation of the upcoming general election.
India has decided to prolong its prohibition on onion exports indefinitely, a decision made in anticipation of an upcoming general election and likely to further escalate prices in certain international markets. Initially enforced in December, the ban was scheduled to conclude on March 31. Despite expectations of its removal by traders, the government issued a directive late on Friday to maintain the restriction. India, holding the title of the world's largest onion exporter, is responsible for over fifty percent of all onion imports received by Asian nations.
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