Stung by the skyrocketing retail prices of onion in the country, the Centre on Thursday announced abolition of import duties and banned its Exports for an indefinite period. Cabinet Secretary K.M. Chandrasekhar, who is personally monitoring the situation, asked the State governments to take strong action against hoarders. He asked the Commerce Ministry to import onions to cool down prices. The government directed its three trading companies — STC, PEC and MMTC...
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Onion prices will remain high for the next 3 weeks: 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...
More »Manmohan asks Ministries to bring down onion prices
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...
More »PM stings Pawar with onion order
The Prime Minister’s Office has given direct orders to top officials of Sharad Pawar’s department to get cracking after the food minister said it would take “two to three weeks” for onion prices to stabilise. Sources said an annoyed Manmohan Singh has conveyed to Pawar that the time frame set by the minister is too long, especially since prices have skyrocketed within a week. Expressing deep concern over the “extraordinary price rise...
More »Wholesale price dips, onion ban questioned
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...
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