onion: The overlap of rising inflation and the economic slowdown is sounding the alarm of potential stagnation for the Modi administration, according to Global Times China. The onion crisis, which has plagued India several times over past decades, has returned. The skyrocketing price of the vegetable ubiquitous in Indian cooking could lead to increased social problems. A drop in supply, due to crop damage from heavy rains and flooding in large parts of India, has caused a supply shortage and subsequent rise in prices. The vegetable is a significant indicator of the livelihood of Indian people. To rein in this rise in prices, the Indian government in September announced a ban on onion exports, which has in turn caused onion supply shortages and price rises in countries like Bangladesh.
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Tagged under onion, crop damage topics.