ONION PRICES
Onion prices crash by 55% in a week
With onion prices plummeting over 50% in a week, Maharashtra Deputy CM Ajit Pawar urged Union Minister Piyush Goyal to remove the 20% export duty. Increased arrivals and export promotion could stabilize prices and benefit farmers, struggling with unseasonal rain losses.
Remove 20 per cent export duty on onions: Ajit Pawar to Centre
Ajit Pawar, Maharashtra's Deputy Chief Minister, has written to the Union Commerce Minister. Pawar seeks removal of the 20% export duty on onions. Nashik onion farmers face distress due to low prices. The current rate is around Rs 2,400 per quintal. Unseasonal rains and climate change have impacted earnings. The export duty makes Maharashtra onions less competitive globally.
Retail prices of staple veggies drop 25%, but still higher than last year
"Tomatoes, potatoes and onions are the most consumed vegetables in India. The prices of these three have remained high for quite some time now. Vegetable inflation will gradually come down in the fourth quarter. We are estimating the overall inflation to fall under 4.5% in March," said Dharmakirti Joshi, chief economist, CRISIL.
District adminstration should be involved in onion procurement: Ministry
In a written reply to Lok Sabha, Minister of State for Food and Consumer Affairs B L Verma said, the Department of Agriculture constituted a fact finding committee to look into allegations of irregularities in the procurement of onions under Price Stabilisation Fund (PSF) by National Agricultural Cooperative Marketing Federation of India (NAFED).
Spring onion¡¯s freshness and South Korea¡¯s protests
South Korean President Yoon Suk-Yeol's misjudgment of spring onion prices sparked protests and a political crisis. His perceived disconnect with the public led to martial law, which was quickly reversed due to widespread demonstrations and parliamentary action.
Is targeting core inflation the answer? RBI's repo rate dilemma sparks debate
The RBI's decision to hold the repo rate steady despite low core inflation is debated. Headline inflation, driven by food prices, remains the target. However, revising the CPI basket and its weights, potentially reducing the emphasis on food, is considered. E-commerce's impact on pricing adds complexity to this recalibration.
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As onion prices near Rs 100, Delhi man's 'tearful' request for extra onions from Swiggy restaurant goes viral
A Delhi resident used a food delivery app to get free onions. Onion prices have increased significantly in Delhi NCR. The man pleaded with the restaurant to send extra onions with his order. His flatmate shared the bill on Reddit. The restaurant complied with the unusual request. Onion prices have reached a five-year high.
Export demand, rainfall delay, damage keep onion prices firm
Onion prices are currently at a five-year high. Export demand and monsoon-delayed harvests are keeping prices firm. The Lasalgaon market sees onions trading between Rs 15/kg and Rs 53/kg. Exports are up 50%. Nafed is selling onions from its buffer stock at Rs 35/kg in some cities. Prices are expected to decrease by mid-December as arrivals increase and quality improves.
Mahayuti's hour of reckoning: Can soybean and onions flip the exit poll predictions in Maharashtra
Maharashtra's upcoming election results hinge on agrarian distress, particularly plummeting soybean and onion prices. While the ruling BJP-led alliance faces backlash from farmers, Congress promises MSP relief and higher procurement. The outcome will reveal if government efforts to address farmer concerns have resonated with voters or if rural support is shifting.
Fifth shipment of 720-tonnes of onion to reach Delhi on November 21: Government
The Indian government is continuing its efforts to stabilize onion prices by transporting buffer stock from Maharashtra to various cities. A fifth shipment of 720 tonnes is scheduled to arrive in Delhi on November 21st, following four previous shipments.
Another Onion Express from Nashik arrives in Delhi, one more expected in next two days
An Onion Express train carrying 1,341 tonnes of onions arrived in Delhi from Nashik to combat rising prices. This initiative aims to benefit both farmers and consumers. Another train with a similar quantity is scheduled to arrive within two days. This follows the removal of the minimum export price on onions and previous export restrictions.
More tears likely in store for Indians as onion prices to stay high, ICICI Bank says
While November saw a slight dip in overall vegetable prices, onion prices remained stubbornly high, contributing to India's rising inflation. This price surge, attributed to heavy rains and supply chain disruptions, has significantly impacted essential items like tomatoes, potatoes, and onions, pushing retail inflation to a 14-month high.
Onion prices likely to cool down further with arrival of new kharif crop: Govt official
Onion prices in India are anticipated to decrease further due to the arrival of the new kharif crop. The government has been selling onions from its buffer stock at subsidized rates to combat recent price increases. Over 4,850 tonnes of onions have been transported via railway to major cities, including Delhi, to enhance supply and stabilize prices.
Government taking steps to check onion prices to Rs 35 a kg: Secretary Consumer Affairs
Concerned by a sharp rise in onion prices driving overall inflation, the Indian government is taking swift action. Consumer Affairs Secretary Nidhi Khare highlighted the government's efforts to stabilize retail prices, including the introduction of 'Kanda Express' trains to transport onions to high-demand areas. These measures aim to bring retail onion prices down to around Rs. 35 per kilogram.
Government to offload more onions in markets to stabilise retail prices
The Indian government is increasing onion supplies from its buffer stock to stabilize rising prices caused by temporary shortages. Along with releasing more onions into retail markets, the government is also ramping up distribution through organizations like NAFED and NCCF. While onion prices have fluctuated, tomato prices are declining due to increased arrivals, and potato prices remain stable.
Maharashtra elections: Maratha-OBC quota clash to resonate in Bhujbal's Yevla seat
Maharashtra's Yevla assembly constituency is witnessing a fierce political battle. The Maratha-OBC quota issue and onion prices are key factors influencing voters. NCP's Chhagan Bhujbal faces opposition from his former aide, Manikrao Shinde of NCP (SP). Bhujbal's stance against Maratha quota activist Manoj Jarange has earned him both support and criticism.
Onion prices soar to 5-year high amid supply woes, exports boost
Onion prices in India have surged due to poor quality kharif crops and increased export demand. The price spike follows a supply shortage and the depletion of stored onions from the previous year's harvest. Traders anticipate a decline in prices as new crop arrivals increase in the coming days.
Onion price hikes make wallets weep across India
Onion prices in India have skyrocketed to Rs 70-80 per kilogram, impacting household budgets and causing distress among consumers. Vendors attribute the price hike to inflation and sourcing costs, while consumers express concerns about the affordability of this essential ingredient. Despite the surge, onions remain a staple, compelling people to purchase them despite the inflated prices.
Here¡¯s how inflated prices of onions, tomatoes, potatoes and cooking oils are impacting the cost of a home-cooked meal
A Crisil report reveals vegetable thali costs surged 20% in October 2024, fueled by soaring vegetable and cooking oil prices, particularly during festivals.
November inflation figures may bear imprint of rise in onion prices
Onion prices in India have surged to a five-year high due to heavy rainfall damaging crops and delaying harvests. This price increase, along with rising costs for potatoes and cooking oil, is expected to impact inflation data for November.
840 tonne onions arrive in Guwahati via rail for distribution in northeast
The Indian government transported 840 tonnes of onions to Guwahati. This initiative aimed to increase onion supply in northeastern states. The onions were distributed in Assam, Meghalaya, and Tripura. This effort is part of a larger government program to stabilize onion prices. The government previously dispatched onions to Delhi and Chennai. These actions helped increase onion availability and decrease prices.
Government steps up onion supplies via rail transport to control prices; 840 tonne reaches Delhi
The government reported that 840 tonnes of buffer onions have arrived in Delhi via rail to counter high prices. The onions will primarily be sold through Azadpur Mandi and retail at Rs 35 per kg. This rail transport method aims at timely delivery and has already reached several other destinations, stabilizing prices across key states.
Heavy rains, delay in harvest to keep onions pricey this Diwali
Onion prices, currently at ?60-80/kg, are expected to stay high through Diwali due to heavy rainfall damaging crops in Maharashtra and other states, causing supply delays. This has led to a surge in food inflation, with tomatoes and cooking oils also seeing price hikes. The government is releasing buffer stock to manage the situation.
Relief on the way! Tomato prices in Delhi may drop as Maharashtra supply increases
Tomato prices in Delhi-NCR have exceeded Rs 100 per kg due to supply disruptions from Karnataka and Andhra Pradesh. The government is intervening through the NCCF to sell tomatoes at Rs 65 per kg and anticipates stabilization as supplies from Maharashtra increase.
¡®Kanda Trains¡¯ to help ease onion prices before Diwali
The government plans to stabilize onion prices by releasing 91,960 tonnes from buffer stocks via rail to key consumption centers and e-commerce platforms, selling at Rs 35/kg. This intervention aims to address the spike in vegetable prices, with onion prices nearing Rs 100/kg in retail markets.
1,600 tonnes of onions coming to Delhi riding 'Kanda Express' for first time
The government is set to transport 1,600 tonnes of onion buffer stock from Maharashtra to Delhi by rail to curb rising prices. This historic rail transport initiative, dubbed 'Kanda Express', aims to stabilize prices in Delhi-NCR. Additional plans include similar shipments to other states and increased retail interventions before Diwali.
RBI research says onion farmers get 36% of consumers' spend, pitches for futures trading, pvt mandis
A Reserve Bank of India paper suggests reforms like increasing private mandis to help farmers get better prices for produce like tomato, onion, and potato. It highlights inefficiencies in the market and the need for leveraging e-NAM and promoting farmer produce organizations for better price discovery and risk management.
Govt steps up buffer stock sale to control onion prices after export duty removal
The government is taking steps to control onion prices by increasing the sale of buffer stock in wholesale markets. Consumer Affairs Secretary Nidhi Khare announced plans to sell onions at a subsidised rate of Rs 35 per kg nationwide, especially in cities where prices are high. The government is optimistic about the upcoming kharif onion crop.
Average onion prices at Rs 58/kg in Delhi: Govt data
Onion prices in New Delhi remain high at Rs 58 per kg due to tight supply. The government has started retail sales of onions at a subsidized rate of Rs 35 per kg in Delhi-NCR and Mumbai. The kharif sown area has increased, and about 38 lakh tonnes of onion are still in storage.
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