The central government is considering a roll back of the 40% export duty imposed on Bangalore rose onions and Krishnapuram rose onions grown in Karnataka and Andhra Pradesh, respectively, said trade sources. The government on August 19 imposed a 40% duty on all types of onions exported from India to tame strong bullish trend in … Read more
The Ministry of Consumer Affairs claimed that the onion prices in the country are now cheaper than the previous its efforts. The government has released more than 50% of the buffer stock of 2.08 lakh tonnes onion in the market. Onion prices had started rising from the first week of October, 2021, due to rains … Read more
Wholesale onion prices this month are ruling 25% to 30% higher than in January. Prices of pulses and wholesale edible oil, too, have increased helped by government measures to boost farmers’ income such as import restrictions and procurement at minimum support prices. Prices of masur (lentil) and urad have increased by 10% over January, while … Read more
Retail inflation remained above the 7% mark for the second consecutive month in October heightening worries about a further delay in monetary easing by the RBI. The CPI inflation for October came in at 7.61 per cent as food prices continued to remain sticky on account of supply-side distortions. The combined food inflation shot past … Read more
PUNE: Onion prices continue to rise even after India banned onion exports on September 14 to rein in prices. Having increased by 20% to 30% during last 10 days since exports were banned, onion prices are expected to continue their upward trajectory till December as excess rainfall damaged and delayed the kharif harvest in the … Read more