Datacrumb 5

India has this week slapped an export tax of 40% on shipments of onions leaving the country. Poor growing conditions have contributed to a seven-fold rise in tomato prices, onions are 32% dearer year-on-year and rice is up by 22%. The onion export tax will stay in force until the end of the year. Government elections will be held in 2024 and food prices are a sensitive issue.

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