ONION PRICES
Don’t cry over onion prices: Here's how to mitigate seasonal price hikes
Dried onion is a win-win. It saves money, of course. It saves cooking time by at least 10%. No need to peel in sweltering heat. When cooked, dried onion is as good as fresh. Restaurants shift to dried onion when fresh onion prices increase. The economics of dried onion is so evident that restaurants can't ignore the savings.
Tomato, potato, and vegetable prices set to rocket further due to heatwaves and rains
Tomato prices are expected to rise further in north India, including Uttar Pradesh, Delhi NCR, and Haryana, due to heavy rainfall damaging crops in Muradabad. Farmers report significant losses from both recent rains and earlier heatwaves, leading to rotting plants and fields. Vegetable prices overall, including potatoes and onions, have surged, with tomatoes now costing 75-80 rupees per kilo, up from 40-50 rupees in June.
As state polls loom, Centre buys Maharashtra onions at 74% higher price
The government in Maharashtra is procuring onions at a significantly higher price than last year in preparation for the upcoming assembly polls. With plans to spend ₹1,500 crore on onion purchases this fiscal year, efforts are being made to stabilize prices and maintain buffer stocks.
High prices of vegetables causing pain to consumers
Kolkata markets are experiencing high retail prices for vegetables, eggs, and poultry meat, causing suffering for the common man. Tomato prices have risen by nearly 150 per cent to Rs 80-100 per kg, while Brinjal is selling for Rs 110-140 per kg. Other vegetables, such as bitter gourd, green chilli, and bottle gourd, have also increased by an average of 50%. Egg and poultry meat prices have risen by 20-30 per cent in local markets.
Costlier tomato a spot of bother for Das & Co once again, retails up to Rs 100/kg
Tomato prices in India have surged by over 70%, reaching Rs 59.87 per kg as of July 7, compared to Rs 35 a month ago. The heatwave conditions in Maharashtra, Karnataka, Andhra Pradesh, Tamil Nadu, and Kerala have impacted the supply and production of tomatoes. Heavy downpours in Himachal Pradesh have damaged the road network, reducing supplies to main consumption centres.
Onion supply comfortable in domestic market, retail prices stabilising: Govt
Onion availability is stable with improved tomato and potato crops. Onion rabi production of 191 lakh tonnes meets needs. Kharif target area is 3.61 lakh hectares, led by Karnataka. Prices stabilize with low storage loss and increased releases. Potato supply is sufficient. Tomato harvesting starts soon, confirmed by District Horticultural officials.
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Veg thali gets dearer by 10% in June on onion, tomato price jump: Report
In June, the average cost of a vegetarian thali rose by 10% due to increased prices of onions, potatoes, and tomatoes, reaching Rs 29.4 per plate compared to Rs 26.7 a year ago and Rs 27.8 in May 2024, according to the Crisil Market Intelligence and Analysis report. The spike in vegetable prices included a 30% rise in tomatoes, 59% in potatoes, and 46% in onions, attributed to factors like reduced rabi acreage for onions and lower tomato arrivals due to virus infestation.
Stop Nafed's onion procurement till irregularities are investigated, demand farmers
Onion growers are demanding the suspension of Nafed's onion procurement operations due to reported irregularities found by a Nafed team during surprise visits to procurement centers. This demand could hinder the government's goal of creating a strategic onion buffer. The central government aims to procure 5 lakh tonnes of onions for the Price Stabilisation Fund but faces challenges as market prices are higher than the government's offer prices. Allegations of irregularities include buying onions from traders instead of farmers and presenting them as purchases made for Nafed.
Govt buys 71,000 tonnes of onion for buffer stock; expects retail prices to ease with normal monsoon
The Indian government has procured nearly 71,000 tonnes of onion this year for buffer stock, out of a total target of 5 lakh tonnes for price stabilisation. The all-India average onion retail price is Rs 38.67 per kg, while the modal price is Rs 40 per kg. The government is on course to achieve targeted procurement of 5 lakh tonnes for price stabilisation. The procurement price is dynamic and linked to prevailing market prices.
Export duty on onions to stay as domestic prices recover
India's central government is unlikely to remove the 40% export duty on onions imposed last month, as domestic onion prices have almost doubled in the last month. The average rate of onions at the benchmark Lasalgaon APMC was Rs 28/kg on Tuesday, up 40% in the last 15 days and double of what it was a month ago. The rising onion prices have slowed down the pace of government onion procurement operations to create a strategic reserve under the Price Stabilisation Fund.
Onion buffer stock not even 10% of FY25 target
Government's procurement of onions for buffer stock creation for price stabilisation operations falls short of 2024-25 target by 90%. Delay attributed to elections and low purchase rates deterring farmers.
Onion prices on the boil as arrivals slow, demand picks up
The average wholesale price of onions at the Lasalgaon mandi in Nashik on Monday was Rs 26 a kg, compared with Rs 17 on May 25. The price of best-quality onions, whose share in the total traded volume is small, has crossed Rs 30 a kg at many wholesale markets in the state.
Price of veg thali up 9% in a year; how much prices of tomato, potato and onion have increased
The average cost of a home-cooked vegetarian thali jumped by 9% (year-on-year) in May, costing Rs 27.8, according to Crisil MI&A Research. The same thali cost Rs 25.5 last May. When compared to April 2024, the price was increased by 1%. It was available at Rs 27.4 a plate in April. The average cost of preparing a thali at home is calculated based on input prices prevailing in north, south, east and west India. (Representational image)
Election results in the onion belt increases hopes of industry and farmers for more farm friendly policies
"Soyabean prices have been low as the crushing of our own crop was less due to higher imports of cooking oils. Low import duties and low prices in the international markets led to a substantial increase in the import of cooking oils," said BV Mehta, executive director, the Solvent Extractors' Association (SEA).
Potatoes, onions, tomatoes kept veg thali costly in May
In May, the prices of potatoes, onions, and tomatoes led to a rise in the cost of home-cooked meals for the second consecutive month, according to a Crisil report. The price of a vegetarian thali increased by 8% from the previous year to ₹27.80, with a 1% sequential increase. Factors such as lower onion and potato arrivals, along with crop damage in West Bengal, contributed to the price rise. Onion prices increased by 43%, potatoes by 41%, and tomatoes by 39%.
Veg thali gets dearer by 9 pc in May on onion, tomato price jump: Crisil
The average cost of a vegetarian thali increased by 9% in May due to rising onion, tomato, and potato prices, as per a report on Thursday.
Social media savvy Maha onion farmers tip scales against NDA
Maharashtra farmers, led by figures like Sharad Joshi and Bharat Dighole, navigate challenges in onion trade amidst government policy shifts. The use of social media platforms like WhatsApp and Facebook has revolutionized farmer mobilization efforts, impacting political landscapes and market dynamics.
Govt plans big scale radiation processing of onions to prevent shortages
Government plans to irradiate onions to create a 1,00,000-tonne buffer stock amidst a projected 16% output decline. Radiation aims to extend shelf life, curb price volatility. Fifty irradiation centers identified near consumption areas; NAFED and NCCF tasked with procurement. Controlled atmosphere storage at railway hubs considered for quicker transportation.
India exports over 45,000 tonnes onion after lifting ban
India exported 45,000+ tonnes of onions post-ban lift, easing farmer woes. Nidhi Khare, Secretary, noted major exports to Middle East, Bangladesh. Govt has set minimum export price for onion. Monsoon forecast ensures good kharif crop sowing, buffer stock building.
Sweltering heatwave intensifies vegetables & pulses' price surge in India
India grapples with soaring vegetable and pulse prices exacerbated by a relentless heatwave affecting various regions. Limited supplies and surging demand have led to significant price hikes, particularly for potatoes, tomatoes, onions, ginger, and garlic. Erratic weather patterns, including heatwaves and pest infestations, disrupt supplies, while inflation remains high despite an overall slowdown in retail inflation.
Onion prices fall by 15% due to lack of export demand
India lifted export ban on onions, impacting domestic and international markets. Exporters face limited demand with Indian onions more expensive than Pakistani onions due to $550 per tonne minimum export price. Overseas buyers stocked Pakistani onions, leading to a crash in prices.
Wholesale inflation in April quickens to 13-month high of 1.26% on spikes in power, food prices
India's wholesale price index-based inflation accelerated to 1.26 per cent in April, a 13-month high, according to data from the Commerce Ministry. The increase was attributed to a major shortage in onion supply until the next kharif crop, which is expected to be a reversal from the current scenario. Potato WPI also accelerated by 71.97 per cent in April, compared to 52.96 per cent in March. The month-over-month change in WPI index for April 2024 stood at 1.26 per cent. Wholesale food inflation also increased to 5.52 per cent on an annual basis, while food inflation grew 1.94 per cent on a MoM basis.
Why lifting of export ban won’t help increase exports or the local prices of onions
Five months after implementing a restriction on onion exports due to anticipated shortages in the rabi harvest, India revoked the ban on Saturday. But this decision is unlikely to significantly impact either export volumes or the reduction of domestic onion prices. Industry sources suggest that the government became aware of growing discontent among farmers, which could potentially influence voting in seven Lok Sabha constituencies in Maharashtra.
ET Explains: Of onion economics & politics, peeling the many layers
India lifted its ban on onion exports after five months due to concerns about farmers' dissatisfaction, potentially impacting voting in seven Lok Sabha seats in Maharashtra. The government's decision to lift the ban was prompted by concerns about farmers' dissatisfaction with the high demand for Indian onions in the international market. The new export policy, announced on May 4, has changed the policy from "prohibited" to "free" with a minimum export price of $550 per tonne, with a duty of 40% levied.
Export ban lifted before voting in Maharashtra onion belt
The Directorate General of Foreign Trade (DGFT) on Saturday issued a notification permitting the export of onions with the Minimum Export Price (MEP) to $550 per tonne and 40% export duty. A ban on export was hurting the onion farmers in the Western Maharashtra and Marathwada, the area known as the onion belt of the country. These two regions alone produce 40% of the overall onion production of the country.
Onion exports: India lifts ban on sending onions out of the country
India has lifted the ban on onion exports after almost six months. The Directorate General of Foreign Trade set the Minimum Export Price at $550 per tonne. Onions have historically influenced India's political landscape during elections.
With export of oranges squeezed, Nagpur region farmers pin their hope on pulp
Trade tensions near Nagpur impact onion and cotton, affecting orange growers and cotton farmers in Vidarbha. Export policies and market fluctuations pose challenges, prompting farmers to seek alternative solutions like pulp factories amid the crisis.
Government to begin procurement of 5 lakh tonnes of rabi onion in 2-3 days to protect farmers' interest
Government ensures procurement of 5 lakh tonnes of rabi onion to support farmers amidst export ban extension. Measures to stabilize mandi prices, involve key officials, and protect farmers' interests are highlighted. Initiatives like Direct Benefit Transfer and radiation treatment for onion preservation are emphasized.
Govt to buy 1,650 tonnes of onions from traders for Bangladesh
This will be the first official export of the key kitchen staple from India in more than three months since the country banned its export from December 8 to March 31. In March first week, the Centre allowed export of 64,400 tonnes of onions to countries from which it had received requests through diplomatic channels, government officials said at the time.
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