ONION PRICES
Govt to keep a watch on prices of 16 more food items
The government will monitor daily prices of 16 more essential food items from August 1, increasing the total to 38. This initiative is intended to stabilize prices and help with policy decisions. An updated app was introduced for easier price reporting. Additionally, a fund of Rs 10,000 crore was set aside for price stabilization.
Onion to stay on hot plate for a fortnight, say traders
Onion prices are projected to remain high for the next two weeks as farmers are holding back their harvests in anticipation of better prices. This has led to a significant 50% drop in onion arrivals at the Lasalgaon market in Nashik. Traders expect the influx of new crops from southern India by mid-August to lower the prices.
Budget 2024: Increased outlay of Rs 10,000 cr win-win for farmers & consumers
The Indian government has allocated a record budget of ₹10,000 crore for price stabilisation measures aimed at curbing food price volatility. This funding will be used by the Department of Consumer Affairs to enhance procurement of essential food items like pulses and onions.
Why are tomato, onion, milk prices rising across India? Economic Survey 2024 explains
Economic Survey 2024: According to the survey, food inflation, as measured by the Consumer Food Price Index (CFPI), has surged from 3.8% in FY22 to 6.6% in FY23, and further to 7.5% in FY24. This rise in food prices can be attributed to several key factors affecting agricultural productivity and food supply chains.
Lighter bags, heavier hearts: Home, restaurant kitchens feel pinch of vegetable price rise
Rising vegetable prices in Delhi-NCR have made essentials like onions, tomatoes, and potatoes unaffordable for many, impacting both home cooks and businesses. Crop damage and delayed rain are contributing to the soaring prices, forcing people to seek alternatives or go without key ingredients. Restaurants and catering services are struggling to absorb the increased costs, with some considering menu adjustments to cope with the financial strain.
Consumers feel the pinch of high food inflation, 60% spending over half on vegetables weekly: Survey
A survey by LocalCircles reveals that six out of 10 Indians are spending 50% or more on vegetables every week compared to previous months. The shortage of vegetables and fruits in mandis has led to a spike in prices of fresh farm produce, including onion, potato, and tomatoes. Tomato prices have soared to Rs 80-100 per kg, with some state governments stepping in to prevent traders from hoarding supplies.
Tomato prices may ease in coming weeks on supplies from Andhra, Karnataka
Retail tomato prices in Delhi, which surged to Rs 75 per kg, are expected to decrease in the coming weeks as supply improves from southern states. A government official attributed the price rise to recent supply disruptions caused by extreme weather conditions. Prices for potatoes and onions are also anticipated to stabilize soon.
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.
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.
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.
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.
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.
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).
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.
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.
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.
Load More
