ONION SUPPLY
Low supply, high cost of greens sends kitchen budget in tailspin for Delhiites
"Currently, the wholesale price of tomatoes is around 50 to 60 rupees per kg. The local variety is selling for 1,200 rupees per 28 kilograms (1 crate), and the hybrid variety for 1,400 to 1,700 rupees. Earlier these used to sell for around 25-30 rupees," Sanjay Bhagat, a trader in Azadpur Sabzi Mandi, said.
Tomato prices may ease in coming weeks on supplies from Andhra, Karnataka
Retail tomato prices in Delhi, which surged to Rs 75 per kg, are expected to decrease in the coming weeks as supply improves from southern states. A government official attributed the price rise to recent supply disruptions caused by extreme weather conditions. Prices for potatoes and onions are also anticipated to stabilize soon.
Climate Change: Emerging variable in monetary policy
The late monsoon arrival and heat waves have led to a projected 5% year-on-year inflation in June, driven by rising food and fuel prices. Central banks worldwide are incorporating climate risks into their models, as supply shocks from climate change present challenges in achieving price stability and economic growth.
Don’t cry over onion prices: Here's how to mitigate seasonal price hikes
Dried onion is a win-win. It saves money, of course. It saves cooking time by at least 10%. No need to peel in sweltering heat. When cooked, dried onion is as good as fresh. Restaurants shift to dried onion when fresh onion prices increase. The economics of dried onion is so evident that restaurants can't ignore the savings.
Onion supply comfortable in domestic market, retail prices stabilising: Govt
Onion availability is stable with improved tomato and potato crops. Onion rabi production of 191 lakh tonnes meets needs. Kharif target area is 3.61 lakh hectares, led by Karnataka. Prices stabilize with low storage loss and increased releases. Potato supply is sufficient. Tomato harvesting starts soon, confirmed by District Horticultural officials.
Drought gripping Morocco is bad omen for global food supplies
Facing severe droughts, Morocco's farming sector struggles with plummeting wheat yields, impacting fruit and vegetable exports and widening income disparities.
- Go To Page 1
India's weekly vegetable spending up in the past few weeks, says survey
Rising vegetable prices due to various factors like the heatwave and monsoon challenges have led to increased consumer spending. Authorities are urged to step in to address the situation and stabilize prices for households across the country.
Credit growth in India healthy; deflation risks persist in China: Chetan Ahya
But the challenge we feel is that the structural issue of slowdown in demand because of property sector is still exerting deflationary pressures and in that environment as they are trying to support real growth with more manufacturing investments, it is resulting into excess capacities and continuing to have that inflation in a weaker trajectory.
Onion prices on the boil as arrivals slow, demand picks up
The average wholesale price of onions at the Lasalgaon mandi in Nashik on Monday was Rs 26 a kg, compared with Rs 17 on May 25. The price of best-quality onions, whose share in the total traded volume is small, has crossed Rs 30 a kg at many wholesale markets in the state.
Potatoes, onions, tomatoes kept veg thali costly in May
In May, the prices of potatoes, onions, and tomatoes led to a rise in the cost of home-cooked meals for the second consecutive month, according to a Crisil report. The price of a vegetarian thali increased by 8% from the previous year to ₹27.80, with a 1% sequential increase. Factors such as lower onion and potato arrivals, along with crop damage in West Bengal, contributed to the price rise. Onion prices increased by 43%, potatoes by 41%, and tomatoes by 39%.
Food bound for Gaza rots as Egypt's Rafah crossing stays shut
Egyptian officials and sources say humanitarian operations are at risk from military activity and that Israel needs to hand the crossing back to Palestinians before it starts operating again. Egypt is also worried about the risk of Palestinians being displaced from Gaza.
Govt plans big scale radiation processing of onions to prevent shortages
Government plans to irradiate onions to create a 1,00,000-tonne buffer stock amidst a projected 16% output decline. Radiation aims to extend shelf life, curb price volatility. Fifty irradiation centers identified near consumption areas; NAFED and NCCF tasked with procurement. Controlled atmosphere storage at railway hubs considered for quicker transportation.
India exports over 45,000 tonnes onion after lifting ban
India exported 45,000+ tonnes of onions post-ban lift, easing farmer woes. Nidhi Khare, Secretary, noted major exports to Middle East, Bangladesh. Govt has set minimum export price for onion. Monsoon forecast ensures good kharif crop sowing, buffer stock building.
Heat waves, monsoon will offer RBI some food for thought
RBI has kept its benchmark interest rate unchanged at 6.5% for more than a year, sticking to a relatively hawkish stance as inflation remains above its 4% target. With uncertainty over prices of vegetables and pulses, the RBI is unlikely to shift its stance anytime soon while expectations of a rate cut have been delayed to the end of the year.
Sweltering heatwave intensifies vegetables & pulses' price surge in India
India grapples with soaring vegetable and pulse prices exacerbated by a relentless heatwave affecting various regions. Limited supplies and surging demand have led to significant price hikes, particularly for potatoes, tomatoes, onions, ginger, and garlic. Erratic weather patterns, including heatwaves and pest infestations, disrupt supplies, while inflation remains high despite an overall slowdown in retail inflation.
Wholesale inflation in April quickens to 13-month high of 1.26% on spikes in power, food prices
India's wholesale price index-based inflation accelerated to 1.26 per cent in April, a 13-month high, according to data from the Commerce Ministry. The increase was attributed to a major shortage in onion supply until the next kharif crop, which is expected to be a reversal from the current scenario. Potato WPI also accelerated by 71.97 per cent in April, compared to 52.96 per cent in March. The month-over-month change in WPI index for April 2024 stood at 1.26 per cent. Wholesale food inflation also increased to 5.52 per cent on an annual basis, while food inflation grew 1.94 per cent on a MoM basis.
LS polls: Ahead of remaining two phases in Maharashtra, focus shifts to onion belt
The state has 22 onion-producing districts across 13 parliamentary constituencies where growers have been impacted by the Centre's moves over the kitchen staple. Of these seats, Solapur, Latur, Baramati and Osmanabad went to polls in the third phase on May 7.
Election Commission nod taken before lifting ban on onion exports: Govt sources
The government on Saturday lifted the ban on onion exports, a decision that can help boost income of a large section of farmers and comes ahead of the Lok Sabha polls in key producing regions including Maharashtra. The government has imposed a minimum export price (MEP) of USD 550 per tonne (around Rs 46 per kg) as well as 40 per cent export duty. Taking duty into account, the shipments will not be allowed below USD 770 per tonne (around Rs 64 per kg).
Onion exports: India lifts ban on sending onions out of the country
India has lifted the ban on onion exports after almost six months. The Directorate General of Foreign Trade set the Minimum Export Price at $550 per tonne. Onions have historically influenced India's political landscape during elections.
Govt allows onion export to Bangladesh, UAE, Sri Lanka & 3 more countries amidst domestic supply worries
The Indian government has authorized the export of 99,150 metric tons of onions to Bangladesh, UAE, Bhutan, Bahrain, Mauritius, and Sri Lanka. This decision stems from lower estimated Kharif and Rabi crops in 2023-24 compared to the previous year, along with heightened international demand. The National Cooperative Exports Limited (NCEL) will oversee onion exports, sourcing them from domestic producers through competitive e-platforms.
India allows onion export to Sri Lanka, gives additional quota to UAE
India has permitted limited onion exports to the United Arab Emirates (UAE) and Sri Lanka, despite ongoing restrictions on outward shipments of the vegetable. The Ministry of Commerce and Industry, through the Directorate General of Foreign Trade (DGFT), announced the allowance of an additional 10,000 metric tons (MT) of onions to both the UAE and Sri Lanka, facilitated by the National Cooperative Exports Limited (NCEL).
Government to begin procurement of 5 lakh tonnes of rabi onion in 2-3 days to protect farmers' interest
Government ensures procurement of 5 lakh tonnes of rabi onion to support farmers amidst export ban extension. Measures to stabilize mandi prices, involve key officials, and protect farmers' interests are highlighted. Initiatives like Direct Benefit Transfer and radiation treatment for onion preservation are emphasized.
India extends onion export ban till further orders
India exported onions worth $431.78 million in April-January FY24 with $187.5 million shipped to Bangladesh and $48.12 million to Sri Lanka. In December last year, the government prohibited the export of onions till March 31, 2024 but allowed their shipments based on permission granted by the central government to other countries on the request of other countries.
India extends ban on onion exports indefinitely ahead of general election
India has extended its ban on onion exports indefinitely, a move that comes ahead of a general election and is expected to exacerbate high prices in some overseas markets. The ban, imposed in December, was due to expire on March 31. Traders had anticipated it would be lifted, but the government issued an order late on Friday. India, the world's biggest onion exporter, accounts for more than half of all onion imports by Asian countries.
Onion exporters warn of major shortage in onion supply; price hike from early March
India faces onion shortage due to drop in rabi harvest. Meanwhile, export ban causes price crash, protests. Exporters suggest controlled exports amid shortage and high international prices. In a letter to the Union government, a group of leading onion exporters have cautioned the government about the consequences of allowing onion exports without adhering to a proper mechanism to control export volumes.
Shipping 'grapes', selling onions: How smugglers defy export ban
India banned the export of onions effective December 8 to make the essential kitchen staple cheaper for domestic consumers. This has led to a crash in the price from more than ₹40 a kg to around ₹13 currently in the wholesale market of Nashik, India's main onion-growing region. The ban on exports by the second largest onion producer, which used to ship 40,000-50,000 tonnes of the commodity every week, caused a spike in international prices.
Protests by truckers: Fruit, veggie prices surge as supplies hit
While the price of onions has increased by ₹3 per kg to ₹45 on average, the number of trucks bringing in potatoes has declined to 50 from 115, said Rajendra Sharma, a vegetable trader from Azadpur Mandi. The supply of fruits such as bananas and apples has also dwindled, pushing up prices 5-10% in the wholesale market, said traders. Prices of other vegetables such as okra, cauliflower and brinjal have also increased.
Onion export ban may be lifted as prices drop, supplies rise
India plans to lift the ban on onion exports due to a significant drop in vegetable prices in the main producing regions. The ban was imposed on December 8, following domestic prices doubling in three months due to production decline. Prices have dropped by 20% to Rs 1,500 per quintal, with fresh kharif onions increasing to 15,000 quintals daily.
Garlic prices double in six weeks as supplies dwindle
The central government banned onion exports from December 8 to control the prices, which started rising after the unseasonal rainfall in the state in November. The highest prices had crossed Rs 45/kg in some markets as robust exports to Bangladesh and Nepal were supporting the domestic prices.
Load More
