It's not just onions that sting these days. A survey of local markets in the Capital on Wednesday showed that almost everything the neighbourhood greengrocer sells - except potatoes - has started pinching the pocket of the middle class Delhiite. Retail prices of vegetables, such as beans, brinjal, cauliflower, cabbage, tomato and carrot, have shot up by 25 to 60% compared to prices around this time last year. Although onion prices...
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Onion prices will remain high for the next 3 weeks: Pawar
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...
More »Onions to sting till March by Zia Haq
Retail prices of onions continued to remain high on Tuesday even as a ban on Exports led to a 30% fall in wholesale rates. The government, however, cautioned that retail prices would fall from current exorbitant levels (of Rs 75-80 per kg) only after three weeks. But prices are expected to return to the last month's reasonable levels (Rs 20-25 per kg) across the country only in March, when the...
More »India bans onion Exports after eye-watering price rise
India's government has banned the export of onions after the vegetable doubled in price in the past week. The rise has been blamed on unusually heavy rains in growing areas, as well as on hoarders and speculators. Prices have jumped to 70 rupees ($1.55; £0.99) per kg from 35 rupees last week. The ban is until 15 January and India is importing onions to ease shortages. Onions are a basic ingredient in many...
More »Wholesale price dips, onion ban questioned
The Centre today sought to justify the export ban on onion by saying that the wholesale price of onion in Nashik, the country’s largest wholesale hub for the bulb crop, had declined by 33 per cent to Rs 2,500 per 100kg or Rs 25 a kg. The impact will not be felt immediately on kitchen budgets as it will take some time – “two to three weeks”, according to Sharad Pawar...
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