With surplus onion in markets across the country, there is finally some relief for the consumers as prices of the bulb fell by about Rs1,000-Rs1,500 per quintal on Monday. However, it irked farmers so much that they shut down the wholesale market at Lasalgaon in Nashik in the afternoon and demanded lifting of the ongoing Export ban. The Lasalgaon Agriculture Produce Market Committee (APMC) wholesale market opened on Monday with onions...

That Indian firms, some of them backed by the government, have gone scouting for land abroad to farm crops for consumption back home is well-known. Reversing the trend, now many Gulf countries are getting a toehold in India that will allow them to farm here and Export the food back. A Bahraini firm, the Nader & Ebrahim Group (NEG), recently tied up with Pune-based Sanghar Group to do exactly that....

Onion prices have crashed at Lasalgaon, Nashik’s wholesale market due to sudden increase in the supply. Wholesale onion prices have plummetted to Rs 13 a kg in Lasalgaon. On Saturday morning average quality onion price at Lasalgaon was Rs 2600 per quintal (Rs 26 per kg). On Monday, it came down to Rs 1300 per quintal. The sudden downturn in onion prices seems to have been triggered by the fact that the...

Fast-growing emerging nations are taking increasingly aggressive actions to beat back rising food prices as they grow more worried of threats to stability if prices don't start to retreat. Developing-market governments have unveiled a laundry list of measures—including price caps, Export bans and rules to counter commodity speculation—to keep food costs from disrupting their economies as price spikes that some had hoped were temporary have stretched into the new year. Some...

“Government callous to plight of people groaning under spiralling prices of food items” Nine political parties, including four Left parties, on Thursday announced a week-long nationwide agitation against price rise. The United Progressive Alliance government was callous to the plight of people groaning under spiralling prices of food items, they alleged. “We have decided to jointly conduct a week-long agitation against the price rise from February 3 to 9. During the...