The government has said prices of onions are likely to remain high for the next three weeks, but the situation will improve thereafter in the wake of its move to ban exports of the commodity. "Onion prices will remain high for the next three weeks and the situation is likely to improve only after two to three weeks. The ban on onion exports should help reduce prices," Agriculture Minister Sharad Pawar...
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India-EU Deal Threatens Mom-and-Pop Retail by Ranjit Devraj
Retail giants pushing the European Union-India free trade deal promise consumers a "new and dynamic retail experience" but ignore the fate of India’s "mom-and-pop" stores and some 40 million people they employ. Four years in the making, the EU-India Bilateral Trade and Investment Agreement made serious headway during Indian Prime Minister Manmohan Singh’s visit to Brussels Dec. 10 and is due to be signed and sealed early 2011. But the negotiations have...
More »India cries onion tears as prices touch Rs 70-80 a kilo
Onion prices have hit the roof across the southern states — Maharashtra, Karnataka, Tamil Nadu and Andhra Pradesh. From Pune, Bangalore and Chennai the retail market feedback was the worst, a kilo going for between Rs 70 and Rs 80. Prices in Hyderabad too showed a steady rising trend. At supermarkets in glitzy Banjara Hills they had touched Rs 50 a kg and market watchers feared the rates could go even...
More »Onion exports suspended to check price rise
Retail price of onions has surged to Rs. 60-70 a kg within a couple of days NOCs will not be issued to exporters till January 15 Minimum export price raised to $1,200 a tonne The government on Monday announced suspension of onion exports till January 15 in a last-minute effort to cool prices of the poor man's essential vegetable from the prevailing high of Rs. 60-70 a kg. In a twin strategy, while the...
More »Honey export ban leads to huge crash in product prices by Amrita Chaudhry
Many bee-keepers in danger of losing livelihood, warn industrialists The ban on export of honey has led to a massive crash in the prices of honey, which has hurt the bee-keepers of the state. Expressing concern about the state of affairs, Kashmir Apiaries Exports/ Little Bee Impex CMD Jagjit Singh Kapoor said, “As a result of this ban, honey prices in the country are likely to crash further and the vulnerable...
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