date:Jul 17, 2019
une 11, the Indian government withdrew the incentive for the Indian exporters of onions, with the intention of shoring up the Indian market and bringing prices down after they skyrocketed.
It used to allow exporters to get a 10 percent incentive on the free on board (FOB) prices realised from overseas importers. The incentive scheme was anyway set to expire on June 30 but was brought forward.
In Benapole land port, the import of Indian onions reduced three-fold in June. Consequently, the price