Nashik onion traders on Monday decided not to purchase onions for two days from the Agricultural Produce Market Committees, following the nationwide I-T raids on onion traders. Traders are protesting against the Maharashtra government's directive of selling onions at not more than Rs 40 per kg. The decision was taken by Nashik District Onion Traders Association at a meeting. Farmers, meanwhile are angry with the traders' decision. The Maharashtra State Government has...

Managing high agriculture commodity prices is becoming a concern for policy makers in India as well as globally. While Food and Agricultural Organisation (FAO) has already warned of a ‘food price shock’, concerns are raised that this situation could worsen as various exporting countries could consider restrictions which will further create supply bottlenecks. As global food prices hit a record high, India just trails behind with food inflation touching a 23-week...

Not used to anyone inspecting their books, onion traders have not taken lightly to the govt's efforts to find the hoarders and others indulging in mass-scale wrongdoing and launched a strike that will hit consumers' pockets even more. However, they have said that they are being forced to sell under even the production cost. Understandably, but there were not many takers for that view. Traders in Nashik and adjoining areas today went...

Onion hubs were raided across the country today and officials claimed prices tumbled Rs 5-10 as a result of the income-tax department’s action a day after the Centre urged states to counter hoarding. Calcutta’s Sealdah wholesale mart and Asansol were among the places in Bengal that saw the swoops. Similar action was seen in several towns in Uttar Pradesh, Punjab, Bihar, Jharkhand, Maharashtra and Gujarat. Finance minister Pranab Mukherjee had written to...

With the prices of most of the vegetables soaring, the Income Tax sleuths on Friday carried out massive raids on the offices and godowns of the wholesale traders in onion and garlic in major cities and towns of Gujarat. The outcome of the raids that started in the morning was not immediately known, but informed sources said the idea was to check whether the wholesalers were unduly holding stocks to take...