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...

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...

Potato prices have turned volatile across India due to a mismatch in demand and supply. While prices have come down in northern and western India, prices still remain firm in the eastern part due to crop delays . Farmers in Punjab are getting 250-300 per quintal for the Pukhraj and Jyoti potato varieties. In the Jalandhar mandi, prices for a 50-kg packet were ruling at 130-160 on Tuesday while in the...

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...

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...