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India reintroduces onion export price to help curb inflation

New Delhi/Chandigarh, June 18 (ANI): India on Tuesday set a minimum export price for onions of $300 per tonne to discourage overseas shipments amid an inflation scare that threatens to stoke public anger over rising prices at local food markets. Prime Minister Narendra Modi has made tackling inflation as his top priority after widespread resentment about rising prices contributed to the exit of the previous government last month. After wholesale price inflation accelerated to a five-month high in May, the new government imposed the price rule on onions three months after the previous administration withdrew it. After a meeting with the representatives of various ministries on Tuesday, he said certain measures have been advised to the states to crackdown on hoarders. Meanwhile, to help the farmers he added that government had advised states to de-list fruits and vegetables so that farmers can save on the middle man's commission. Jun 18, 2014
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