North Africa Renewable Energy Summit 2018

2
Jan

expected onion price rise

A small basket of the oval-shaped tomatoes increased by 9.1% to sell for an average of N6,000 compared to an initial average of N5,500. According to FNJ, journalists worked on the frontline and wer Read More... KATHMANDU, DECEMBER 31 Despite the many hurdles, the National Examination Board must not renege on its resolve to hold the SEE and Onion prices in the country have increased by over 400 per cent after March, said Minister of Consumer Affairs, Food and Public Distribution Ram Vilas Paswan in Lok Sabha on Tuesday. “After India banned onion export, retailers increased its price and it has remained same till date,” he said. Farmers say the rain has not only damaged the almost market-ready crop but also taken a toll on the nurseries where farmers were raising saplings for the late kharif and rabi crops. In an effort to boost domestic supply and check price rise, Consumer Affairs Minister Piyush Goyal on Friday said private traders have already imported 7,000 tonnes of onion and another 25,000 tonnes are expected to arrive before Diwali. On Monday, the wholesale price of onion has crossed Rs 84 a kg in Medavakkam local markets, while it costs Rs 60 a week ago. Onion prices are expected to hike up again, as government removes MEP from its sales. According to the centre, around 1.5 million onion sets will be distributed to the farmers. Earlier, water processing plants were located near distrib Read More... Court grants bail to wife of main accused, 2020, a tough year for Nepali journos, says FNJ, Online scammers still active in Kathmandu, NC’s responsibility is to safeguard statute: Deuba, Ensure payment for sugarcane farmers in a month, SC tells govt, KUKL to construct processing plants near water sources. Singh said retail prices may touch “Rs 100/kg in October as the new crop is expected to arrive only in November”. On Friday, onion prices at Lasalgaon touched a minimum of Rs 1,000 a quintal and a maximum of Rs 2,411 per quintal with modal price at Rs 2,000 per quintal. According to a study by CARE Ratings — Onion Economics — price increases have not always been in alignment with production. The incident took place in Nainital's Buddha Park area where Congress district general secretary Nandan Mehra was leading a protest against onion price rise… Nepali consumers left teary-eyed this year due to soaring price of onions can expect some respite in the coming days as India is resuming the export of the kitchen staple from January 1. According to Agricultural Statistics Report 2018-19 published by the Ministry of Agriculture and Livestock Development, 239,024 tonnes of onions were produced in the country in the fiscal year 2017-18. Explained: What is driving onion prices Government has called for import of 1 lakh tonnes of onion to help control rising prices. Rain in the onion belt of Ahmednagar, Nashik and Pune had caused water seepage into the structures. But even Maharashtra farmers, in fact, have suffered more than their usual storage losses — 50-60% as against 30-40% normally. Nashik: The average wholesale onion price at the Lasalgaon APMC again increased by Rs 900 per quintal to touch Rs 7,100 per quintal on Tuesday. The yearly consumption of onions in India is slated to be 160 lakh tonnes with Maharashtra alone consuming around 4,000-6,000 tonnes per day. Unfortunately, this reduces the shelf life of onions,” an officer said. The Indian Express is now on Telegram. Buddhi Raja Singh, a wholesale trader of onion and garlic in Azadpur Mandi, said, “The current increase in onion prices is due to a decline in arrivals and excessive rains damaging onion crops stored across Maharashtra, Karnataka and Andhra Pradesh, three major producer states in this season.”. Amid this, Vegetable Crops Development Centre has started distributing onion sets to the farmers from this week. They have been rising since the last week of August, as reports started coming in of massive losses to kharif onions caused by heavy rainfall in north Karnataka. In the first phase, distribution has started from Kathmandu valley and nearby districts. This crop was meant to arrive after September and was expected to feed the markets until the arrival of the kharif crop from Maharashtra towards the end of October. 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NewsX. Barely a month ago, Parliament had amended the Essential Commodities Act, 1955 to exclude onions — besides potatoes, edible oils, oilseed and pulses — from the list of essential commodities, thus freeing them from stock limits. But the additional wastage has constrained supply. Currently onions are being sold in the retail market at the rate of around Rs 120 to Rs 130 per kg. But suddenly one day the wholesale price of the onion increased by ₹2,000 per quintal which led to a rise in its retail rates. A look at the dynamics of onion prices and the impact of the government intervention: They have been rising since the last week of August, as reports started coming in of massive losses to kharif onions caused by heavy rainfall in north Karnataka. Speaking to, Nandan said there has been a sharp drop in onion prices across the country. Twitter Farmers, especially in Maharashtra, store it in on-field structures called kanda chawls to protect it from moisture and light. The crunch in onion supply has sent prices soaring with many places seeing an increase of nearly Rs 30-40 per kg. The heavy rain in September not only destroyed the new crop in Karnataka but also took a toll on stored onions in states like Madhya Pradesh and Gujarat. With less than a week to go for the Bihar elections, the Centre on Friday reintroduced the stock limit on onions — a move aimed at controlling rising prices, which crossed Rs 80 per kg in many cities on Friday, including nearly Rs 100/kg in Mumbai. These limits were set after taking into consideration the rise in prices year-on-year. If the supply from imports was delayed, prices may increase further, as the cost of potato has also increased by Rs 5 in the wholesale market. And on Friday, the government reintroduced the stock limit. Also read | Vaccine ‘politics’: Why BJP’s Bihar move comes as a surprise to states. ... 10:01. After major shortage of onions in India, the country is relying heavily on imports. What are the prospects for the next crop? Non-availability of good seeds has caused concerns and the available seeds are being sold at a premium. The landed cost of onions from Iran at Mumbai port works out to around Rs 35 per kg. After prices in the domestic market started to rise significantly, the GOI decided to intervene and imposed an export ban on onions in order to slow down the price increase for consumers. There are three main onion crops — kharif (June-July sowing, post-October harvest), late kharif (September sowing, post-December harvest), and rabi (December-January sowing, post-March harvest). Read more about 7,000 tonnes onion imported, 25,000 tonnes may arrive before Diwali: Goyal on Business Standard. That will be only post-November. Onion price expected to rise this year. On October 9 increases have not always been in alignment with production the yearly consumption of onions, they this. 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