Finshots Daily cover image

Finshots Daily

India doesn't want to share onions

Aug 22, 2023
06:53
Snipd AI
This podcast discusses why India resorts to export bans and restrictions when onion prices rise, and the potential impact on food budgets and shortages. It also explores India's position as a top onion exporter despite export bans and the issue of wastage, suggesting the use of irradiation therapy to reduce losses.
Read more

Podcast summary created with Snipd AI

Quick takeaways

  • India implements export bans on onions to control rising prices and ensure adequate domestic supply.
  • India should focus on implementing solutions like irradiation therapy to reduce onion wastage and improve long-term strategies.

Deep dives

Reasons for Export Plans and Restrictions

India imposes export plans and restrictions on onions to control rising prices. With urban households spending a significant portion of their monthly food budget on vegetables, high onion prices can quickly consume a large portion of that budget. The main onion season was affected by unseasonal rains and excessive heat waves, leading to potential onion shortages. By implementing export restrictions, India aims to ensure an adequate supply of onions for domestic consumption and mitigate price spikes.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode