Page 10 - Onion Prices

Union Min Paswan seeks curbs on onion export to keep prices in control

According to the Consumer Affairs Ministry, onions in Delhi on Friday were sold at Rs 36 per kg

Onion becomes four times more expensive in two weeks on supply squeeze

Onion prices have quadrupled in the last two weeks due to lower supply as farmers and stockists held their inventory on expectations of further price spike. Nashik farmers' shifting to other horticulture crops including grapes, pomegranate etc. have lowered crop size prospects in the ongoing kharif sowing season which fuelled onion prices since the second week of July.Data compiled by the National Horticultural Research & Development Foundation (NHRDF) showed onion prices in Lasalgaon hit the highest in two years of Rs 26.60 a kg on Thursday before moderating abysmally to trade at Rs 24 a kg (of export quality). The model price, however, closed at Rs 21.60 a kg in this Asia's largest onion mandi on Friday compared to Rs 6.80 a kg just two weeks ago.There are two primary drivers to the onion price hike. Firstly, assuming that the government would not let its price go up, many famers sold their most quantity of stocks at a price between Rs 5 - 5.50 a kg, the price level onion ...

Onion hits 8-month high on supply disruptions, low arrivals

Onion prices hit the highest in eight months on a sharp increase in festival demand from stockists from domestic and overseas markets amid reports of low arrivals in major mandis across the country.Data compiled by the National Horticultural Research & Development Foundation (NHRDF) showed model price of onion in the benchmark Lasalgaon mandi in Maharashtra at Rs 8.70 a kg on Tuesday, almost double the price from its recent low of Rs 4.50 a kg on May 31. The current prevailing price of onion was not seen after November 30, 2016.Normally, prices of agricultural commodities move up during this time around every year due to rain hit supply disruptions and sudden spurt in festival demand from stockists for retailing in Dussera and Diwali. Two years ago, onion prices had hit the record of Rs 80 a kg in wholesale and Rs 100 a kg in retail markets which prompted the government to allocate Rs 500 crore for to create its buffer for market intervention. Consequently, government agencies ...

Falling onion prices cheer dehydration industry

Lower prices boost dehydrated onion exports from India by 50%

Nashik's onion traders seek uniform practice

Around 2,500 traders have surrendered licences in protest against a state govt directive that waived commission charges levied on farmers

Telangana introduces licence, MRP for onion sellers

Also, the government will fix a maximum retail price for the commodity