Onion traders in Nashik, Maharashtra, have suspended auctions indefinitely in protest against the government’s decision to increase export duty on onions. The move has raised concerns about a shortage of onions and an increase in prices. Traders are demanding the cancellation of export duty, a reduction in market fees, and subsidies for transportation. Last month, traders accused the government of failing to fulfill its promise to purchase onions from farmers and of setting auction prices lower than announced.
F&O Talk| Indian markets in mature uptrend, Nifty now eyeing 26k: Rahul Ghose
Markets snapped their five-week-long consolidation trend, driven by improving global cues, easing geopolitical concerns, and a renewed uptick in foreign institutional investor (FII) buying during