Even as the price of onions remained high in domestic retail markets, the National Cooperative Consumers Federation of India (NCCF) on Monday urged the government to suspend the import of the vegetable for 10 days, by when the prices are expected to fall due to better arrivals. “The recent import of onions from China and Pakistan has created panic among our farmers, and many of them have started harvesting the crop...
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Govt has no control over veggie prices: Sharad Pawar by Deepak Lokhande
Beleaguered by rising prices, Union agriculture minister Sharad Pawar on Saturday termed sky-high onion prices a seasonal phenomenon and hoped that the picture will change in the coming months. “Onion prices have shot up as over 70% of crop from Nashik, which would have been ready for sale in December-January, was destroyed due to unseasonal rains. This has disturbed the cycle of supply in the country. It will be restored after...
More »Peeling The Policy Cipher by Lola Nayar
What’s Going Wrong? * Market intelligence remains a weak link; farm policies rarely reflect correct scenario * Extensive damage to crop in Maharashtra not factored in promoting onion, tomato exports * Middlemen make capital while farmers realise 10-15% margin, not enough to recoup losses * Government market intervention capacity limited to foodgrains and pulses **** India’s worst-kept secret was finally revealed when the government threw up its hands in despair in the...
More »Food price inflation worries India
India's food prices have increased significantly over the weekend, leaving customers and shopkeepers extremely worried. Reuters reports the price of onions in particular has peaked. Onions are currently selling between Rs 70-80 per kilogram ($AU1.56- $AU1.78), after being worth Rs 45 ($AU1) only a few days ago. The Associated Chambers of Commerce and Industry of India (ASSOCHAM) reports food inflation climbed nearly to a year's high of 18.32 per cent on December...
More »Food inflation accelerates to year-high
India’s food inflation accelerated for the fifth straight week to the highest in more than a year, reinforcing fears it will spill over to broader prices and pile pressure on the Reserve Bank of India (RBI) to tighten monetary policy. Unseasonal rains have pushed up prices of vegetables such as onions and tomatoes in recent weeks, and the authorities are bracing to live with elevated price levels in the near term. Onion...
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