Page 4 - Onion Prices

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 ...

Price of onions 22.36% lower compared to the last year: Govt

Prices of onion remained substantially stable during 2021-22 due to effective market intervention through the Price Stabilisation Fund, the Ministry statement said

Onion, edible oil prices to cool down during festival season: Centre

The Centre estimates onion production in the kharif season to be around 4.38 million tonnes

Onion prices not 'extraordinarily high'; no case for banning exports: Govt

Buffer stocks are being released to cool down the prices further, Union Food Secretary Sudhanshu Pandey said

Surge in onion prices adds another layer of pain for India's consumers

Onion prices are likely to remain firm during the current festive season before starting to moderate from mid-January when supplies rise from the new season crop

Onion prices likely to remain at higher trajectory this festive season

The onion prices are expected to remain at a higher trajectory during October-November, as erratic monsoon may lead to an eventual delay in harvest, according to a report by Crisil Research

TOP prices to remain benign in coming months amid likely inflation pressure

Traders and market watchers say the price movement in Tomatoes, Onions and Potatoes will remain within range sans any unusual spikes

Centre lifts ban on onion exports from January 1 as prices plunge

Exports of all varieties of onion will be allowed, the Ministry of Commerce and Industry said in a notification

November WPI inflation at nine-month high even as food prices moderate

Onion, which bore the brunt of rising inflation rate in recent months, saw deflation or fall in prices in November at 7.58%

Govt to import 25,000 tonnes onion, 30,000 tonnes potato before Diwali

Spurt in prices triggers move as norms for pulses are also eased

Imported onion likely to ease prices in Kolkata's wholesale market

The skyrocketing onion prices in the retail market are likely to ease as imported bulbs have put a break, at least temporarily, on the rise in wholesale prices in Kolkata, officials said on Wednesday

Best of BS Opinion: Jet's revival plan, rising onion prices, and more

Here's a selection of Business Standard opinion pieces for the day

Ad hoc steps must end

Interventions to contain onion prices would do more harm

Onion price drop by up to Rs 10/kg in consuming mkts on govt action

Wholesale onion prices fell by up to Rs 10 per kg in consuming markets such as Delhi, Mumbai and Chennai with increase in arrival of the perishable commodity after the government imposed stock limits