Onion

The rising cost of onions is raising fears about rising family spending and possible inflation. According to government data dated October 25, the maximum retail price of onions has increased to approximately Rs 70 per kilogram. This upward trend is anticipated to persist until December, when the kharif crop is available for purchase. The prices are soon expected to skyrocket in Indian regions, including Ghaziabad and Noida.

Sharad Pawar has requested the onion traders of Nashik to reopen auctioning of onions in APMCs. He attributed the rise in its prices to Centre's decisions to ban onion export and limiting the stocking up of onions by traders. He further said that he will speak with the Centre regarding the decisions and added that a comprehensive policy was the need. He also slammed the Centre for dropping onion from essential commodities list. 

NCP Chief Sharad Pawar, met Commerce Minister Piyush Goyal on September 15 and recommended to rethink on the Government's decision to ban the export of onions. He said that the onions had a higher demand globally and an abrupt ban on export will dent India's image. He added that farmers were also unhappy with the decision. Reportedly, Goyal has informed him that he will discuss the same with concerned… read-more

Wholesale and retail prices of onions have started soaring across the country after several parts experienced excess rainfall leading to floods and crop damage. The good quality early-kharif onion crop producing states like Andhra Pradesh, Karnataka, Gujarat and Maharashtra have been severely affected. In major markets, prices have doubled while supply has, reportedly, halved. According to reports by The Print, prices can go upto Rs… read-more