Onion prices have been high for past few weeks due to fall in production of the Kharif crop following unseasonal rainfall in key growing states
The significance of the current arrivals can be gauged from the fact that the Lasalgaon mandi alone witnesses 22,000-25,000 tonnes of arrivals every day during the peak harvesting season
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The state government placed the order at a landed cost of Rs 55/kg at Mumbai port with the National Agricultural Cooperative Marketing Federation of India (NAFED), which has been tasked to distribute
India exported $102 million worth of dehydrated onions in 2018-19
The previous highest wholesale auction price of onions was Rs 9,000 per quintal recorded at the Kalwan APMC last month
The company had placed an order for the first consignment of 6,090 tonnes of onion from Egypt
Delhi Food and Civil Supplies Minister Imran Hussain said a government should not be seen as making profit motive over an essential commodity
An ICAR survey has found that traditionally sown onion crops saw a damage of up to 80%
Onion had been selling at Rs 70-80 a kilo over the past couple of weeks
While MMTC has been tasked to import onions, cooperative Nafed will supply the key kitchen items in the domestic market
The government is also facilitating private imports and also relaxed phytosanitary and fumigation norms till December
The rains during September-October hit transportation of crop from these producing regions to consuming centres, he said
With 3,000 tonnes of imported onion entering the market over the next fortnight, the price should start cooling off. Soon after, the new crop of onions will arrive, further reducing prices
Vegetables surges by 10% to trade at Rs 55.5 a kg in Lasalgaon mandi. It is being sold for Rs 70-80 in retail across the country
This is largely because the surge in recent weeks is due to the rains in Maharashtra, which could impact kharif harvest if they continue unabated
Here's a selection of Business Standard opinion pieces for the day
Geographical diversification, development of early warning systems and promotion of substitutes will go a long way in mitigating the next onion crisis
The right immediate action is inaction. The right preventive action is to get traders to constantly hoard too much
Onions have a weight of 0.6 per cent in the overall inflation basket and contribute about 10 per cent to the vegetable basket