India, the world’s biggest producer and consumer of pulses, has extended ban on pulses exports until further orders, Agriculture Minister Sharad Pawar said on Tuesday, as it battles to rein in high food prices. The government had in June 2006 banned exports of pulses, which has a weight of 0.72 per cent in the wholesale price index. India’s food price index rose 12.13 per cent in the year to December 11, government...
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Grain for states
The Centre has given the states another 50 lakh tonnes of wheat and rice stocks, half of which will be sold to the poor at subsidised rates as food prices continue their steep climb. An empowered group of ministers (EGoM), headed by finance minister Pranab Mukherjee, also decided to extend the ban on pulses exports and allow duty-free Imports of pulses till March 2012. “In today’s EGoM meeting, it was decided to...
More »The political price of onions
The spectre of rising onion prices is haunting Indian politics again. As prices trebled over a period of three weeks, touching Rs.90 a kg in some parts of the country, the liliaceous plant, whose bulb is the mainstay of many Indian staple recipes, became a topic of debate and discussion not only for ordinary consumers, but for economists and policymakers as well. India is the world's second largest producer of...
More »NAFED defers onion Imports from Pakistan by Sukay Mehdudia
In the wake of a fall in onion prices in the wholesale markets across the country, the National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) on Thursday said it had deferred Imports from Pakistan. “Earlier, we decided to send our officers to Pakistan for importing 2,200 tonnes of onion. However, as the prices have started declining, we have deferred the onion import plan for the time being,'' NAFED chairman Bijender...
More »Worried Centre abolishes import duty on onions by Sujay Mehdudia
Stung by the skyrocketing retail prices of onion in the country, the Centre on Thursday announced abolition of import duties and banned its exports for an indefinite period. Cabinet Secretary K.M. Chandrasekhar, who is personally monitoring the situation, asked the State governments to take strong action against hoarders. He asked the Commerce Ministry to import onions to cool down prices. The government directed its three trading companies — STC, PEC and MMTC...
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