25% of Indian onion buffer stocks may have been damaged, says official

2023-12-11 15:04:29 The Centre has said its decision to increase the procurement of onions for the buffer stock and simultaneous sales at subsidised rates has helped contain the all-India average price below ₹60/kg. Otherwise, it could have touched ₹100/kg this year due to a production shortfall. The statement comes amidst farmers’ protest in Maharashtra against … Read more

dbt: Tur and onion growers may be paid via DBT for procurement

2023-11-24 18:20:17 New Delhi: The government plans to pay farmers for the purchase of tur and onions by directly transferring the amount to their bank accounts within 48 hours of the procurement, said a senior official. Until now, the National Agricultural Cooperative Marketing Federation of India and National Cooperative Consumers’ Federation of India Ltd – … Read more

onion: Centre imposes minimum export price of $800 per tonne on onions till December 31

2023-10-28 13:57:38 The Indian government on Saturday imposed a $800 per tonner minimum export price on onions being shipped from the subcontinent amid an increase in the cost of the root vegetable across the country. “Export of onions is ‘free’. Minimum Export Price (MEP) of US $800 F.O.B per Metric Ton (MT) is imposed till … Read more

Why are onion exports continuing in substantial volumes despite an export duty of 40%? An explainer

2023-10-26 09:15:53 The government had imposed an export duty of 40% on onions in August. But that did not help in curtailing their exports substantially. Veteran trade insiders say the reason why exports are still continuing in high volumes is under invoicing of onion prices by exporters, as that allows them to pay lower duty. … Read more

Onion sowing set to gain pace as monsoon gathers pace in Karnataka, Maharashtra

2023-07-20 16:34:22 Kharif onion acreage, which was trailing till last week, is seen picking up with key growing regions in Karnataka and Maharashtra beginning to receive rains over the past few days. The delay in planting in some regions of Karnataka will likely push back harvest to September-October, which may result in firm prices in … Read more

Surging food prices seen pushing up India’s inflation in June

2023-07-12 01:23:30 Spiraling prices of tomato, onion and pulses are emerging as new risks for India’s retail inflation, reaffirming expectations of a hawkish hold from the central bank for the rest of the year. After moderating for four months, consumer price inflation probably accelerated to 4.6% in June, according to a Bloomberg survey of economists. … Read more