The National Agricultural Cooperative Marketing Federation of India (NAFED) has begun selling onions at ₹35 per kilogram through vans in and around the city. An official of the Federation said around 120 tonnes of onions were being sold daily to help reduce the rate of the vegetable, which is being sold at ₹55-₹75 per kilogram … Read more
Farmers and the industry expect the new government to increase import duty on cooking oils to support soyabean prices, remove export duty on onions, and take cautious stand on the demand for import of maize and wheat. Inspired by the onion farmers, others have started demanding policy measures to support soyabean and milk prices.“Soyabean prices … Read more
NEW DELHI: The Budget has allocated Rs 2,700 crore to the price stabilisation fund (PSF) for 2021-22, which will be used to create buffer stocks of onions and pulses to check price volatility in these commodities. This is 35% more than the allocation of Rs 2,000 crore in the last budget but 77% less than … Read more
NEW DELHI: New Delhi: India on Friday eased the export norms for certain kinds of onions and allowed the export of Bangalore Rose Onions and Krishnapuram Onions of up to 10,000 MT each upto March 31, 2021. The government had last month prohibited the export of all varieties of onion except those cut, sliced or … Read more
In December 2010, newspapers ran out of print reporting on what was dubbed as ‘The Great Indian Onion Robbery’. They highlighted speculative traders cornering the onion markets, with wholesale traders in Delhi purchasing the vegetable at Rs 34 a kg, while it was retailed at Rs 80 a kg, a mark-up of 135%. Typically, 45% … Read more
New Delhi: India is working on an arrangement to supply onions to Bangladesh and a few other neighbouring countries in an uninterrupted fashion to uphold the spirit of the ‘neighbourhood first’ policy. The government has yet to firm up a decision but initial talks have taken place on such an arrangement in the backdrop of … Read more