Be it a bumper or lean season __ life for Karnataka's farmers remains unchanged as they are exploited by middlemen. While last week came as a boon to onion farmers as prices skyrocketed in an unprecedented manner, it all came to an end on Wednesday following the government's decision to stop exports until January 15 to contain the rates here, resulting in a sudden drop in per quintal rates and sending...
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The great onion robbery: 135% mark-up from mandi to retail by Subodh Varma
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...
More »Most Vegetables go the onion way, prices zoom
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...
More »India wastes 59 MT fruits, Vegetables every year
A whopping 59 million tonnes of fruits and Vegetables go wasted in the country in a year due to lack of proper cold storage infrastructure, Minister of State for Food and Agriculture K V Thomas said today. Speaking at a CII-organised Cold Chain Summit, Thomas said that India produces 68 million tonnes of fruits and 129 million tonnes of Vegetables in a year, being the second largest producer in the world....
More »Wholesale onion prices dip, raises hopes
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...
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