The raid comes amid ballooning onion prices which have touched Rs 80/kg to Rs 90/kg as incessant rainfall in Maharashtra, the top onion producing state of the country, has delayed harvest and also damaged the quality of the kharif crop. The average wholesale prices at Lasalgaon market have been ruling around Rs 45/kg.
Unseasonal rains in 3 major producing states have seen the crop marooned in fields & prices jumping each day.
The extent of drop in Maharashtra’s sugar production will play a crucial role in determining the country's total sugar production for the 2019-20 season. In its first estimate for the 2019-20 sugar season, ISMA expects sugar production to be around 268.5 lakh tonnes against the figure of 331.61 lakh tonnes during 2018-19 sugar season.
The incessant downpour in Maharashtra, Madhya Pradesh and parts of Telangana since October caused widespread damage to crops including soyabean, cotton, paddy, maize, jowar, bajra and ragi and high-value horticulture crops such as grapes, pomegranates and vegetables. Grape exports may be delayed or fall, while production of cotton and maize are expected to be lower this year.
What the government is doing is hurting farmers rather than resolving the country’s onion mess.
October 9 withdrawal marks most delayed departure; season saw many rain records being drowned.
Decision to start sugar mill ops to be a priority for the new state govt that comes into power.
After wholesale prices touched Rs 50 per kg in September, the Centre banned exports and imposed stock limits, allowing retail traders to keep only 100 quintal of onions and wholesale traders 500 quintals.
In a series of decisions, the ministry of consumer affairs banned onion exports and imposed stock limits of 100 quintals on retail traders and 500 quintals on wholesale traders on Sunday evening to rein the prices.
The ministry of consumer affairs issued a notification today prohibiting onion exports till further orders.
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