-Reuters NEW DELHI/MUMBAI: India looks set for bumper harvests of winter crops such as wheat, chickpeas and rapeseed in the wake of a strong monsoon that has left the soil moist and topped up reservoirs. The crops will follow bountiful summer harvests of rice and soybeans due to the rains, with New Delhi looking to boost agricultural growth to cool double-digit food inflation and revive a slowing economy as manufacturing struggles. With next...
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Punjab smells profit in basmati -Gurpreet Singh Nibber
-The Hindustan Times Chandigarh: Punjab expects profitable basmati crop this kharif season. The price of Indian basmati already has touched $136 (`8,500) a quintal in the international market, lifting the rate in the state as well. In just 15 days into the harvest season, premium basmati is being lifted for `3,500 a quintal. Last year, the price was about `2,200. Basmati exporters have, so far, bought about 1-lakh tonnes of the product in...
More »Marketing, not hoarding
-The Business Standard Onion crisis is a reminder of the need for retail reform Onion prices in towns have begun, finally, to come down. That follows a fresh harvest of onions in Karnataka and Maharashtra. But the price rise could happen again - unless its causes are realistically ascertained, and the right lessons drawn. The crisis was generally believed to have been triggered by low production, high exports and rampant hoarding. However,...
More »Onion Prices to Soften by Early October: Food Min
-Outlook Onion prices, which have again gone up to Rs 70 per kg in retail markets, are expected to soften by early next month with supplies from Andhra Pradesh and Karnataka improving, Food Minister K V Thomas said today. He also said the Centre has asked producing states like Maharashtra to crack down on hoarders of onion, a politically sensitive commodity. Normally, onion prices rise during the lean period of June-August. But prices...
More »Onion prices: another case of the great Indian paradox-Pramit Bhattacharya
-Live Mint The absence of genuine competition at mandis and numerous transaction charges are distorting onion prices The joke doing the rounds today is that the spike in onion prices has been a great equalizer, bringing parity between the price of a bottle of beer and a kilo of onion. The humble vegetable has also found pride of place as a gift item to customers at a tyre shop in Jamshedpur,...
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