Speculative traders are making super-profits by fixing prices in the onion trade while the government is playing around with ad hoc fixes. On Tuesday alone, wholesale traders in Delhi bought onions at about Rs 34 per kg while it was sold in retail at Rs 80 per kg. That's a margin of Rs 46 per kg or 135%! About 11,445 quintals of onion were bought in the Delhi wholesale markets on...

With the Union government refusing to play Santa Claus and regulate market forces, the merciless rise in onion prices threatens to mar Christmas, New Year and Makar Sankrantri festivities. With several markets reporting a further rise in prices to about Rs.85 a kg, Prime Minister Manmohan Singh intervened, by directing the Ministries of Agriculture and Consumer Affairs to take steps to bring its prices to affordable levels. According to sources, the Prime...

It is two weeks now that the state cotton federation has launched procurement but not a single farmer has turned up to sell cotton at its collection centres because of the huge gap between minimum support price and the open market rates. But private traders are now being accused of cartelising in order to pull down prices as it has become a buyers` market. Nearly half a dozen incidents of clashes...

A standoff between the Haryana government and rice millers is threatening to derail the procurement of paddy in Haryana, with growers accusing authorities of not lifting the crop despite heavy arrival in markets. The state government said it is hopeful of settling the issue with state rice millers within a day or two, while claiming to have lifted ‘each grain’ of paddy. Peeved at the slow pace of paddy lifting at various...

Prime Minister Manmohan Singh was right when he maintained in his meeting with the media that the judiciary should not stray into the realm of policy formulation for food management. But the same plea cannot apply to the media which brought the issue of rotting of foodgrain to public attention and virtually put the government in the dock for criminal wastage of grains in its warehouses. Policy deficiencies are clearly...