Page 3 - Onion Prices

Retail onion price up 57%; Centre steps up buffer sale to provide relief

As all-India average retail onion price shoots up by 57 per cent to Rs 47 per kg, the Centre on Friday decided to step up the sale of buffer onion at a subsidised rate of Rs 25 per kg in retail markets in order to provide relief to consumers. The all-India average retail price of onion rose to Rs 47 per kg on Friday, from Rs 30 per kg in the year-ago period, as per the data maintained by the consumer affairs ministry. In the national capital, retail price of onion was at Rs 40/kg on Friday as against Rs 30/kg in the year-ago period, the data showed. "We have been offloading buffer onions since mid-August and we are stepping up the retail sale in order to check further rise in prices and provide relief to the consumers," Consumer Affairs Secretary Rohit Kumar Singh told PTI. According to the ministry, onion is being offloaded from the buffer stock in both wholesale and retail markets in states where there is a sharp rise in prices. Since mid-August, about 1.7 lakh tonne of buffer on

Onion prices up 50% in last 10 days, high demand, low supply to blame

The total sown area for onion in Maharashtra has dropped by 36% which has brought down the supply

India's fashion retailers suffer sales pain as tomato, onion prices surge

Popular Indian and foreign brands including shoe retailers Japan's Asics and Skechers USA have been offering steep discounts

No farmer needs to worry on onion issue, says minister Narendra Singh Tomar

After the govt imposed a 40% duty on the export of onions, Union Agriculture and Farmers Welfare Minister Narendra Singh Tomar on Saturday said that farmers do not have to worry on the onion issue

Hiked duty on onion exports must be lifted, says NCP chief Sharad Pawar

Nationalist Congress Party (NCP) chief Sharad Pawar has said the 40 per cent duty on onion export must be revoked, and also claimed that the Union government might impose restrictions on sugar exports too. Speaking at an event in Purandar tehsil of Pune district on Thursday, the former Union agriculture minister said it was the government's responsibility to ensure a fair price for onions. "For the last few days, farmers in the Nashik region are protesting...they are demanding fair prices for their onion produce. Onions from the country are exported, but the government has imposed a 40 per cent duty on the export. It is the responsibility of the government to give a fair price to onion growers considering the input cost and it is farmers' right to demand it, but no concrete decision has been taken," he said. The government did announce that it will procure onions at Rs 2,410 per quintal and allow export of 2 lakh tonnes, he noted, adding that in view of the input cost, the procureme

Onion export tax: Plight of farmers far from over

Multiple farmers spoke to Business Standard, stating that they require between Rs 90,000 to Rs 1,30,000 to produce onions on a single acre of land

Soaring onion prices in India may hurt PM Modi more than tomatoes

India has imposed a 40 per cent export tax on onions and plans to sell them locally at subsidised rates

Onion export duty 'timely' move to boost domestic supply, check price rise

The government on Monday said the decision to impose a 40 per cent export duty on onions was not a "premature" but a timely move to boost domestic supply and control retail prices. The statement comes amid farmers' protest at several places in Nashik district in Maharashtra against the 40 per cent duty imposed on onion exports. Traders are also against the imposition of the duty. "It is not a premature decision to impose export duty on onion. It is a timely decision taken to increase the domestic availability and check prices," Union Consumer Affairs Secretary Rohit Kumar Singh told PTI. Till the situation demands, Singh said the government will intervene with release of buffer onions in both the wholesale and retails markets in select states. On Saturday, the Centre imposed a 40 per cent duty on the export of onions amid signs of price rise as well as increase in outward shipments. The decision to impose export duty on onions for the first time ever is also aimed to curbing price

You can buy onions at Rs 25/kg through retail outlets of NCCF from today

Centre has also raised the quantum of onion buffer to 500,000 metric tonnes this year, after achieving the initial procurement target of 300,000 metric tonnes

After tomatoes, now onion likely to get costlier by September on low supply

Though India has a huge stock of onions, the high proportion of bad-quality onions due to excessive summer heat this year had led to an increase in the prices of good-quality onions

India's food security under threat as climate change disrupts weather

India last week suspended exports of non-basmati varieties of rice after heavy monsoon rainfall damaged newly planted crops due to be harvested in winter

Guj govt announces Rs 330 crore to transport and store potatoes, onions

The Gujarat government on Tuesday announced a Rs 330-crore package for onion and potato cultivators for transportation and storage amid a drop in rates. State Agriculture Minister Raghavji Patel told the Assembly that Gujarat is likely to produce seven lakh tonne of red onions in 2023. "Marketing yards in the Saurashtra region are likely to receive 3.50 lakh tonne produce for sale, for which the government will provide an assistance of Rs 70 crore by providing an additional Rs 2 per kg for sale through Agricultural Produce Market Committees (APMC). Onion farmers will get an assistance of Rs 20 crore for transportation (of the produce) to other states and abroad," he said. The government has also decided to provide financial aid of Rs 240 crore to potato growers affected by a fall in prices due to high production, the minister said. This aid will be provided in the form of storage and transportation cost for the sale of potatoes in other states and outside the country. (Of the Rs 2

Farmers stop onion auction at Lasalgaon APMC over drop in prices

In the wake of a consistent drop in the onion prices, angry farmers stopped the auction of the key kitchen staple on Monday at Maharashtra's Lasalgaon Agriculture Produce Market Committee (APMC), Asia's biggest onion market. The price per kilogram of onion came down to Rs 2 to Rs 4, which angered the growers. A representative of the onion growers said the government should immediately declare a grant of Rs 1,500 per quintal of onions and purchase their produce at Rs 15 to Rs 20 per kg, or else they will not let the auction resume at the Lasalgaon APMC, located in Nashik district. As soon as the auction process began as the market opened for the week on Monday, onions fetched a minimum price of Rs 200 per quintal, the maximum rate of Rs 800 per quintal and an average price of Rs 400-450 per quintal. As a result, the angry farmers led by the Maharashtra Rajya Kanda Utpadak Sanghatana stopped the auction of onions and started an agitation. On Saturday 2,404 quintal onions arrived at

No ban on onion exports; $523 mln exported during Apr-Dec 2022: Govt

There is no ban on exports of onion and India has shipped the commodity worth USD 523.8 million during April-December 2022, the commerce ministry said on Sunday. It said that only the export of onion seed is restricted. "Government has not restricted or prohibited the export of onions," the ministry said in a statement. In December 2022, onion exports rose by about 50 per cent to USD 52.1 million. During April-December this fiscal, the exports rose by 16.3 per cent to USD 523.8 million. Commerce and industry minister Piyush Goyal in a tweet on Saturday stated that there is no ban on onion exports from India to any country and misleading statements suggesting the contrary is unfortunate. The statement came after a tweet by NCP leader Supriya Sule on February 25 on onion exports.

Give us fair price or permission to commit suicide, say Nashik farmers

Farmers in Maharashtra's Nashik district have asked the Modi government to grant them permission to commit suicide as they have been facing difficulties due to the low prices of onions in the state

Farmer in Solapur earns only Rs 2.49 net profit on sale of 512 kg onions

A farmer from Maharashtra's Solapur was in for a rude shock when he got to know that he has earned a profit of merely Rs 2.49 against the sale of his 512 kg onions to a trader in the district. The farmer, 63-year-old Rajendra Chavan who resides in Barshi tehsil of Solapur, said his onion yield fetched a price of Rs 1 per kg at the Solapur market yard and after all the deductions he received this paltry sum as his net profit last week. Talking to PTI, Chavan said, "I had sent 10 bags of onions weighing more than five quintals to an onion trader in Solapur for sale. But after deducting charges towards loading, transport, labour and others, I received a net profit of just Rs 2.49 from him." The rate the trader offered to me was Rs 100 per quintal. The overall weight of the crop was 512 kg and the total price he got for the produce was Rs 512, he said. "After deductions worth Rs 509.51 against labour, weighing, transportation and other charges, I received a net profit of Rs 2.49. This

Onion prices soar, shortage threatens a new chapter in world food crisis

Prices are soaring, fueling inflation and prompting countries to take action to secure supplies. Morocco and Turkey have halted some exports, as has Kazakhstan

Philippines rushes to import onions as prices touch nearly Rs 1,000 per kg

The Philippines' agriculture department is planning to import 22,000 tons of onions to boost domestic supply as surging prices of the cooking ingredient push inflation to a 14-year high

Pulses, onion won't see price hike this year; have adequate stock: Govt

The all-India average retail price of onion has witnessed a significant decline of 28 per cent compared to last year

Govt to offload 50,000 tonnes of onions from buffer stock to sustain prices

The government will offload about 50,000 tonnes of onions from its buffer stocks to a few cities like Delhi and Guwahati, where retail prices are a little higher than the all-India average rates. To stabilise onion prices, the Centre is maintaining a buffer stock of 2.5 lakh tonnes of onion. Sources said that the department of consumer affairs will sell 50,000 tonnes of onions to cities like Delhi and Guwahati from its buffer stocks. There are many cities where prices are higher than the all-India average rates, they added. The all-India average prices of onions stood at Rs 26 per kg on Tuesday. As the shelf life of onions is less, the department has written to all states to place orders if they need onions, the sources said. The Centre is offering onions at around Rs 18 per kg. The department is also exploring how to improve the shelf life of onions through the radiation process, they added. Onion production in 2020-21 was 266.41 lakh tonnes and consumption was 160.50 lakh ...