India’s 40% Tariff Increase on Onions: Impact on UAE Markets and Global Demand

2023-08-21 02:02:17

Dubai: India raises tariff by 40 percent for challenge It is feared that the action will also affect the markets in the UAE. The last day was part of the Indian government’s move to limit travel. It is said that the import tariff of Mai Sawala has been raised by 40 percent. left The declaration is effective immediately after the price increase. India is the largest onion exporter in the world.

UAE, Bangladesh, Malaysia, Nepal and Sri Lanka are the countries of India. Most onion is imported from this year. India’s move to raise customs duty in the U.A.E. Valuation is the reason for the price increase. August is the harvest time for onion farming in India. However, with heavy rains causing massive crop damage, the internal calamity Nikal also faced the challenge of famine. This is the time when the level of traffic control has been raised. It has been decided by the Central Treasury.

Prices of vegetables and other food items increased in India Inflation was on the rise. More food production in domestic markets by controlling overcrowding Can inflation be reduced by ensuring the availability of money? This is the estimate of the Ministry of Finance. Pakistan, China and Egypt are also protesting. However, the demand in the global markets is higher for the Indian challenge. To control high inflation due to food shortage In the last month, India had imposed a control on the import of rice. Imports of rice, including from African countries, are on the rise. UAE has passed this.

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