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Since the 1960s, India has developed a balancing-act habit: between keeping food prices affordably low for consumers and assuring farmers of remunerative prices, with the state’s interventions focused on managing this volatility in the short term. This is also why the government banned onion exports from December 2023 to May 2024, then imposed a $550/tonne…
The effective duty on the crude and refined oils will increase from 5.5% to 27.5% and from 13.75% to 35.75%, respectively. | Photo Credit: Reuters “The Government’s decision to hike customs duty on crude palm and refined sunflower oil to 20% and 32.5%, respectively, will ‘hugely’ benefit farmers as it will increase their income,” a…
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