The Indian government has scrapped the minimum export price (MEP) for onions and basmati rice to boost exports and increase farmers' incomes. Previously, onions had an MEP of $550 per tonne and basmati rice $950 per tonne. This move is seen as a response to upcoming state elections in Maharashtra, a major onion-producing region, and aims to make Indian produce more competitive globally. Despite high retail prices, the government has also cut the export duty on onions from 40% to 20%. These decisions are expected to enhance export volumes and provide better prices for farmers. Additionally, the government has tightened stock-holding limits on wheat to stabilize domestic prices.