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Govt hikes onion minimum export price to $700/tonne to check prices

-The Hindu Business Line New Delhi: With onion prices continuing to be a worry for consumers, the Centre has raised the minimum export price (MEP) of the bulb to $700 per tonne. The MEP was last increased on June 26 this year to $425/tonne from $250/tonne. An official statement released by the Food and Consumer Affairs Ministry also said that the tender floated for onion imports will be opened on August 27....

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India’s farm crisis

-The Financial Express Two years of bad rain makes even Punjab vulnerable When a Punjab is flagged as an area of some risk following bad rain, it is time to get seriously worried. The state may have, as ratings agency Crisil points out in its latest report on Indian agriculture, as much as 98.8% of its cropped area under irrigation, but with a 50.4% shortfall in rain last year and a likely...

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Why skyrocketing onion prices pack a pungent punch -Gaurav Choudhury

-The Hindustan Times The skyrocketing prices of onions, a key ingredient used in making dishes ranging from curries to biryanis, reflects India’s inability to insulate staples from weather-induced supply disturbances. On Thursday onions traded at Rs 4,900 a quintal (or Rs 49 a kg) at Lasalgaon in Maharashtra, India’s largest wholesale market for the crop. Inadequate supplies have pushed up prices sharply over the last few weeks. Already, retail onion prices have...

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The spectre of suicide -V Sridhar

-Frontline As rural Karnataka reels under an unprecedented wave of suicides by farmers, the State administration looks on, unwilling to address the reasons that have rendered rural livelihoods fragile. DEATH stalks rural Karnataka. In the 41 days between July 1 and August 10, as many as 245 farmers committed suicide, an average of six a day; since April 1, 284 farmers have taken their lives. As a bewildered State government gropes...

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Majority of powerlooms in Bhiwandi go on strike -Puja Mehra, Satish Nandgaonkar & Alok Deshpande

-The Hindu Industry seeks control on yarn prices, permission to export cloth Nearly three-fourths of the 9 lakh powerloom units in Maharashtra’s Bhiwandi have been on strike since Monday, leaving as many workers jobless and per-day losses of about Rs 150 crore, estimate textile industry associations. The strike has brought half of India’s powerloom sector to a halt, they say, since it comes over and above the production cutbacks in place since...

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