But retail prices topped an eye-watering Rs. 85 a kg in Bangalore yesterday Speculative fever gripped the onion trade on Tuesday in Bangalore following a sharp decline in prices as a significant section of the buyers kept away, hoping that the slide will continue. However, retail markets in the city continued to remain buoyant, unmoved by the turmoil in the wholesale business. Trade sources speculated that the Union Government's order banning...

A target to distribute 1,00,848 quintals of seed has been fixed for the rabi crop in 2010-11, district magistrate Sanjay Prasad said. The target for urea has been fixed to 95,000 metric tonnes while the availability is 32,977 metric tonnes. Similarly, target for DAP is 33,000 metric tonnes while availability is 32,088 metric tonnes. He informed that awareness is being created regarding use of zinc sulphate for the wheat crop....

India’s rapidly growing private microcredit industry faces imminent collapse as almost all borrowers in one of India’s largest states have stopped repaying their loans, egged on by politicians who accuse the industry of earning outsize profits on the backs of the poor. The crisis has been building for weeks, but has now reached a critical stage. Indian banks, which put up about 80 percent of the money that the companies...

Global fertiliser prices have started to hot up once again, in anticipation of tight supplies in 2010-11 and some significant mergers and acquisitions, which could increase the import bill for India and also make key soil nutrients expensive. In just the latter half of July, prices of key phosphatic fertilisers, urea, DAP, phosphate and potash have shot up in a marked manner. Between July 16 and July 29, phosphate prices...

Haryana Chief Minister Bhupinder Singh Hooda has announced a Rs 8.5 crore package for assistance to farmers in the flood-affected areas of the state. The package includes free and subsidised seeds of different crops and additional fertilisers to the farmers. The flood-affected areas include Sirsa, Fatehabad, Ambala, Kurukshetra, Kaithal and some parts of Karnal district. The stayte government will supply mini-kits of seeds of alternative crops like toria, hybrid bajra and...