Onion imports from Afghanistan cool down prices in India
As many as 50 trucks laden with onion crossed over to India across Attari check post and 55 trucks had brought the tuber on Monday this week. The landed cost of onion from Afghanistan is Rs 40-55 per kg while the local crop is priced at Rs 65- 75 per kg and retail prices are hovering over Rs 100 per kg. The spurt in international supply has cooled down wholesale prices of onion by 20-30%, said traders.
Relaxed rules on pests aided onion imports
The agriculture ministry extended the relaxation in fumigation treatment conditions for the import...
Middlemen benefited due to bankruptcy of your policy: Priyanka to Sithraman on onion prices
While speaking in the Lok Sabha last week, Sithar...
November retail inflation reaches 5.54%, at 3-year high
Higher food prices contributed to the spike. Food price inflation (Rural and urban) climbed 10.01% in November.
Relaxed phytosanitary rules lead to surge in onion imports, help lower prices
At a meeting called by the Directorate General of Foreign Trade, traders assured officials that fears of foreign pests and disease impacting domestic onion crops due to relaxed phytosanitary norms were unfounded.
Govt further caps stock limit on onion retailers to 2 tons to check hoarding
Last week, govt had reduced the stock holding limit for retailers to 5 tonnes from 10 tonnes while that on wholesalers to 25 tonnes from 50 tonnes as onion prices were ruling high up to Rs 150 per kg. Retail onion prices have risen in the past two months due to short supply owing to fall in production of kharif (summer) crop after heavy rains.
Next rate cut depends on how teary-eyed onion leaves RBI
RBI was widely expected to cut interest rates at last week's policy, which would have made it into a sixth consecutive cut in as many policy reviews in 2019 to boost the sagging growth, that has dipped to a six-year low. "We advise investors to track onion prices to time the next rate cut by RBI," Bank of America Securities said.
Inflation targeting: Surge in prices of onion & sugar has brought back bad memories
A surge in prices of onion and sugar has brought back the bad memories of farm economy roiling the rest.
Farmers warn of onion glut in two months
According to traders, onion imports will be feasible till end of January.
Fair price shops in Kolkata to sell onions at Rs 59/kg
Chief minister Mamata Banerjee has instructed the state government’s supply chain and sales point known as Sufal Bangla to market onions at a maximum of Rs 59 per kg. The state government will not only subsidise the price of onion but also bear the cost of transportation, distribution and losses in transit.
Prices of 20 of 22 key food items rose steadily in 2019: Consumer Affairs Ministry
Rise in prices of almost all essential food items has become a cause of huge concern for the government.
Onion prices remain high across major cities; Average rate Rs 100/kg, highest Rs 165/kg at Panaji
The rates were as high as Rs 165 a kg in Panaji, while the average of 114 major cities in the country came to over Rs 100, according to official data available here. Onion prices started to climb from September and have averaged over Rs 100 per kg since November 25.
Spicy investment! Ditch onions for these stocks to make a quick buck
Of the 2,213 actively-traded stocks on BSE, as many as 1,488 now trade below Rs 140.
Of cabbages and kings, onions and GDP
GDP runs the risk of turning into numbers that make the mind number and number.
Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service