2010 Indian onion crisis: Difference between revisions
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|description=The 2010 Indian onion crisis was a significant episode in India’s agricultural and economic landscape, marked by a sharp rise in onion prices, which | |description=The 2010 Indian onion crisis was a significant episode in India’s agricultural and economic landscape, marked by a sharp rise in onion prices, which | ||
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Latest revision as of 03:05, 3 August 2024
2010 Indian onion crisis
The 2010 Indian onion crisis was a significant episode in India’s agricultural and economic landscape, marked by a sharp rise in onion prices, which escalated from approximately â¹18 per kilogram in early 2010 to over â¹80 per kilogram by July of the same year. This crisis was primarily attributed to a combination of poor monsoon rainfall, inadequate storage facilities, and speculative trading practices, leading to severe supply constraints. The soaring prices resulted in widespread public discontent, protests, and political ramifications, prompting the Indian government to implement measures such as banning onion exports and increasing imports to stabilize the market. The crisis underscored the vulnerability of India's agricultural sector and highlighted the socio-economic implications of food inflation within the country.