-The Economic Times PUNE: Onion prices have crashed by 25-30% from the peak of Rs 60 per kg last week after the Maharashtra government threatened onion traders with raids and new harvests eased pressure on supplies. On September 18 and 19, wholesale prices at many APMCs in Maharashtra had risen to Rs 55 per kg. A meeting held by the state's marketing director at Lasalgaon on September 19 suggesting raids if prices...
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90% onion stocks over, hoarders could look to make a killing-Dipak Kumar Dash
-The Times of India NEW DELHI: Onion hoarders and unscrupulous traders could be looking to make a killing over the next 15-20 days as 85-90% of the country's onion stock is over and only 3-4 lakh tonnes remain available for consumption. Since traders are aware of the depleting stock, and know that arrival of the kharif crop from October will ease supplies and depress prices, they seem to be trying to extract...
More »Onion price rise may be due to hoarding: Centre -Dipak Kumar Dash
-The Times of India NEW DELHI: Onion prices have again hit the roof in Mumbai, Delhi and other major cities after stabilizing briefly in August, leading the Centre to suggest that traders and speculators might be "artificially" increasing onion prices and has asked whether a seasonal shortage in supplies is being exploited. "Governments of Delhi and Chandigarh were addressed to look into the possibility of traders and speculators creating an artificial...
More »Global food prices continue to drop
-FAO Prices of cereals and oils decrease - FAO expects bumper cereal harvest this year Rome: The FAO Food Price Index dropped for the fourth month in a row in August reaching its lowest level since June 2012. The index, which measures the monthly change in the international prices of a basket of food commodities, averaged 201.8 points in August 2013, nearly 4 points (1.9 percent) below its July value and 11 points...
More »This perverse rage against the poor-Harish Khare
-The Hindu With the economic boom petering out, those who benefitted from it are angry with the government for the Food Security Bill because it is paying attention to the needs of the underprivileged for a change This week's received wisdom insists that the Indian economy has irretrievably collapsed because on Monday, the Lok Sabha passed the National Food Security Bill (NFSB). The Hindu Business Line headline (Aug.28, page 1) said it...
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