-The Times of India NEW DELHI: Onion prices have again hit the roof in Mumbai, Delhi and other major cities after stabilizing briefly in August, leading the Centre to suggest that traders and speculators might be "artificially" increasing onion prices and has asked whether a seasonal shortage in supplies is being exploited. "Governments of Delhi and Chandigarh were addressed to look into the possibility of traders and speculators creating an artificial...
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Onion prices soar to Rs 5,300 a quintal in Lasalgaon-Tushar Pawar
-The Times of India NASHIK: The average wholesale price of onions at the country's largest market at the Lasalgaon Agriculture Produce Market Committee (APMC) in Nashik touched a new all-time high of Rs 5,300 a quintal on Monday. This pushed the retail rate to Rs 70 a kg against Rs 55 last week. The prices have skyrocketed, breaking the previous record of Rs 4,800 a quintal last Friday, largely due to the...
More »FCI to sell 2 million tonnes of wheat in international market -Madhvi Sally
-The Economic Times NEW DELHI: The Food Corporation of India (FCI) will export two million tonnes of wheat in the coming months to earn valuable foreign exchange of nearly $ 600 million for the country. The proposal to export the wheat from the stocks of the central pool of FCI was approved by the Cabinet Committee on Economic Affairs (CCEA) last month. A sub-committee, headed by FCI Chairman and MD C Viswanath,...
More »Global food prices continue to drop
-FAO Prices of cereals and oils decrease - FAO expects bumper cereal harvest this year Rome: The FAO Food Price Index dropped for the fourth month in a row in August reaching its lowest level since June 2012. The index, which measures the monthly change in the international prices of a basket of food commodities, averaged 201.8 points in August 2013, nearly 4 points (1.9 percent) below its July value and 11 points...
More »Rajya Sabha passes National Food Security Bill
-The Times of India NEW DELHI: The National Food Security Bill, which seeks to provide heavily-subsidized food to two-thirds of India's 1.23 billion people, was passed by the Rajya Sabha on Monday. Much like what happened in the Lok Sabha last week, there was a scramble among political parties to garner populist brownie points even as they differed fiercely on certain provisions of the bill and their implementation. With the Congress all...
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