India Business News: India's export ban on onions has driven up prices for Asian buyers. Traditional buyers are scrambling for cheaper alternatives as India is unlikely to
India s ban on onion exports has led to soaring prices for Asian buyers, causing them to seek cheaper alternatives. Traditional importers, including Bangladesh, Malaysia, Nepal, and the UAE, are grappling with high prices as India, the largest exporter of onions, faces a domestic shortage. The ban, imposed due to doubled domestic prices, is unlikely to be lifted before India s general elections next year.
(Bloomberg) As headline oil prices edge ever closer to $90 a barrel, there’s little sign of a let up in the day-to-day demand that’s underpinned the rally.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeTrump Fourth Indictment Lays Out Sweeping Georgia Election PlotOut of Options and Money, Argentina Presses the Panic ButtonChina Cuts Rate by Most Since 2020 as Economic Woes De