-PTI In Nov, retail inflation had jumped to a more than three-year high of 5.54 per cent on costlier food products Retail inflation rose to about five-and-half year high of 7.35 per cent in December 2019, surpassing the RBI's comfort level, mainly due to spiralling prices of vegetables as onions were selling costlier. The unexpected jump in inflation diminished the chances of the RBI cutting interest rate at its next monetary policy review...
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Onion crisis reveals how little the Government can do when the chips are down -Siraj Hussain
-TheWire.in Even if we had enough buffer stock, which we don't, the Centre has no delivery mechanism. The only viable alternative is to create modern storage infrastructure, but who is interested in doing that? It appears that it is the humble onion which is finally teaching urban India’s middle class of the perils of climate change. The deniers may still not want to believe it, but the current crisis of high onion...
More »Onion shortage: Here's why farmers gained little from record price rise -Dilip Kumar Jha
-Business Standard Farmers across the country have suffered a double whammy this year - first, their crop from last season was spoilt by floods, and then onion yield also dropped due to moisture in fields Lasalgaon: Raghunath Sawant, an onion farmer from Niphad taluka in Maharashtra’s Nashik district, is a worried man. And, he is not alone. Despite Onion prices hitting Rs 130 a kg in the wholesale market, Sawant has not...
More »Wholesale inflation tames to 0.58 per cent
-The Hindu Business Line Consumers bore brunt of more expensive onion, potato and vegetables Wholesale inflation fell to 0.58 per cent in November 2019, down from 4.47 per cent in November 2018. Sequentially, wholesale inflation reported an increase, rising from 0.16 per cent in October 2019, according to a statement by the Ministry of Commerce and Industry. Please click here to read more. ...
More »Onion prices may drop by 50% in the next 2 weeks: Report
-Moneycontrol.com At Lasalgoan market, onions were trading at Rs 41 per kg on December 10 compared with Rs 71 on December 7. Onion prices could drop by 50 percent in the next two weeks due as arrivals from Maharashtra, Gujarat, and Karnataka pick up, Business Standard reports. Please click here to read more. ...
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