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Onion prices

06 June, 2020, 10:33 AM IST

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ONION PRICES

Centre releases Rs 1,160 cr to Nafed for buying pulses, onion

The fund has been made available through the Price Stabilisation Fund (PSF) operated by the consumer affairs ministry. Under the PSF, commodities are purchased at market prices. The government has set a procurement target of 50,000 tonnes of onion, 5.5 lakh tonnes of tur dal and 1.5 lakh tonnes of masoor dal for the buffer stock purpose.

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Horticulture production in 2019-20 estimated 3.13% higher than last year

The second advance estimates also places total horticulture producti...

  • Imported onions were dispatched to states such as Andhra Pradesh, Kerala, Telangana, Chandigarh, Uttar Pradesh, Assam, Uttrakhand, Himachal Pradesh, West Bengal, and Goa among others.

    Sugar industry argues that the raise in MSP would not affect public much as 65% of the sweetener is being used by the bulk consumers like food products and soft drink manufacturers.

    The wholesale onion prices have declined to Rs 8-10/kg in most markets of the country, including consuming centres like Delhi, Mumbai as well as growing markets like Nashik and Indore.

    The Commission for Agricultural Costs and Prices (CACP) has recommended higher support prices for 17 summer-sown, or kharif, crops. The cabinet will consider the proposed new rates, officials said.

    Nashik (Maharashtra), May 27 (ANI): ‘In this situation, we'll die of hunger’, said the farmer, who is facing huge loss as he hasn’t got the ...

    Agriculture minister Narendra Singh Tomar has asked all chief ministers of states to implement the provisions and create an ecosystem for farm growth.He stressed the need for their continued support in the development and growth of the agriculture sector in the new reformed environment.

    With the pandemic and the ensuing lockdown, demand for horticultural produce is likely to be impacted more than that of food grains. Food grains have the government's minimum support price (MSP) and procurement support, the report explained.

    The Telangana-based firm this week said revenue will rise as much as 20% in the financial year started April 1, compared with an average 15% forecast by eight analysts. Prime Minister Narendra Modi’s decision to scrap royalties paid to Bayer AG for Monsanto’s genetically modified cotton will also help Kaveri Seed, the company said.

    The government plans to forecast crop output and yield every month to get regular predictive analysis on the likely demand-supply situation and its impact on prices. The current system of preparing forecasts every four months is inadequate, said officials.

    “We have ensured that there is no shortage of TOP (tomato, onion and potato) in any state. There is no scarcity of these three essential horticultural items. Only thing is stitching supply and demand together. We are coordinating with supply and consuming states for uninterrupted delivery,” said an agriculture ministry official.

    The government had imposed ban on onions in September last year when the prices of the bulb had crossed Rs 150 per kg in some retail markets. The government also had imposed stock limit and imported onions from Egypt, Afghanistan and Turkey to tame the prices.

    “The production is almost same as last year and almost 95% have gone to cold storages which are getting packed to the full,” said Ravipati Peraiah, MD of Vijayakrishna Spice Farms.

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