🧵 1. Government considers floor price for onion exports to prevent under-invoicing and maintain export duty regulations. #business
🧵 1. Government considers floor price for onion exports to prevent under-invoicing and maintain export duty regulations. #business
🧵 2. Onion exporters push for a floor price between $320-350/tonne to address concerns of lower invoicing at borders and ports.
🧵 3. Officials examine the proposal of setting a floor price on onion exports to discourage unfair practices and maintain duty calculations.
🧵 4. Mandis in Maharashtra reopening after protests against export duty. Future action depends on market prices.
🧵 5. Government plans to procure 0.2 MT of onions from farmers at a higher rate, but concerns remain about limited storage capacity.
🧵 Read more at: https://www.financialexpress.com/market/commodities/govt-considering-floor-price-for-onion-exports/3220511/
that might be a good regulation in place