The Economic Times

Jayashree Bhosale

  • Trade demands opening up of onion exports as prices slide rapidly

    Trade demands opening up of onion exports as prices slide rapidly

    Onion prices have been ruling around Rs 100 a kg in retail for close to three months as excess unseasonal rainfall damaged the delicate crop across the country. On Thursday, medium quality onion was selling at Rs 25/kg in retail in Maharashtra. On Monday, wholesale prices fell to an average of Rs 23 a kg.

    1778 dal mills to import 2.50 lakh tonnes of urad from Myanmar by March 31

    1778 dal mills to import 2.50 lakh tonnes of urad from Myanmar by March 31

    Earlier, the government had allowed import of 1.50 lakh tonnes, which was increased by another 2.50 lakh tonnes on December 19, 20119. The government has kept import of pulses open for only dal millers, who are the actual users of unprocessed pulses. The mills were asked to apply with the quantity they wanted to import till December 30.

    CCI will not sell cotton at loss, says chairman P Alli Rani

    CCI will not sell cotton at loss, says chairman P Alli Rani

    The remark comes after South Indian Mills Association (SIMA) urged the textile minister to instruct CCI to sell the cotton at market price so that spinning mills can procure the cotton at a competitive rate. Mill owners have complained that the price of Rs 46,000 per candy (of 356 kg each) quoted by the CCI is too high.

    India’s 2020 wine production to fall by about 20%

    India’s 2020 wine production to fall by about 20%

    Industry leader Sula reported no growth in overall sales for the first three quarters of the current fiscal. Despite extending various schemes to push sales, wineries could not succeed much in getting consumers during the festive season.

    The tear-jerker: Onion prices cross Rs 200/kg

    The tear-jerker: Onion prices cross Rs 200/kg

    Traders said they had not foreseen such an acute scarcity of onion, which happened mainly because of heavy rain. They said farmers were harvesting pre-mature onion to benefit from present high rates. Though onion prices are at their historic highs, it has barely helped many farmers recover past year's losses and get decent returns this year.

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