Onion prices have climbed sharply following a drought, a worry for the government as it heads into state elections that have been known to turn on the cost of the vegetable. Prices have more than doubled in the last three months and no respite is in sight. Supplies remain tight as low rainfall has cut sowing and curtailed growth of individual bulbs. ...
04:00 PM, Feb 08, 2013
Onion prices have shot up by 57 per cent to Rs 22 per kg in the last one month in the wholesale market of Nashik - a major producing centre - on higher demand forcing the government to consider steps to control prices. The price rise is, however, more than five-fold compared to the same month in 2012. In most retail markets across the country, onion is selling at Rs...
09:38 PM, Feb 01, 2013
New Delhi: The ban on export of onions was lifted on Tuesday after an EGOM meeting but food minister K V Thomas has said that this was a political decision, emphasising that in a federal structure interests of the states have to be kept in mind. "It is always a political decision. There is a political angle to many decisions but we will look into the administrative angle. Interest of...
07:54 AM, Sep 21, 2011
New Delhi: The Centre has lifted the ban on onion exports after pressure from Agriculture Minister Sharad Pawar and Technology Minister Vilasrao Deshmukh and protests by farmers. The decision will be reviewed after a fortnight. The government had imposed a ban on onion exports on September 9 to check its spiralling prices which touched Rs 25 per kg in retail in the national capital. Pawar and Deshmukh argued at the...
08:28 PM, Sep 20, 2011
New Delhi: With a sharp fall in onion prices in the retail market to Rs 30 per kg, the government on Monday decided to end the subsidised sale of the kitchen staple from Tuesday in the national capital, but it would continue to monitor the situation to prevent the recurrence of the crisis. A high-level meeting, which was convened by Agriculture Minister Sharad Pawar, also decided to discontinue the 30...
08:20 PM, Jan 31, 2011
Nashik: The aam admi's onion tears could soon be wiped out. At Lasalgaon, India's largest wholesale onion market, prices of the bulb suddenly crashed from last week's Rs 35 per kg-Rs 40 kg to Rs 13 per kg-Rs 15 per kg on Monday. But farmers are agitated. They boycotted the market in the morning hours fearing losses due to the ban on onion exports. The government had in December banned...
11:30 PM, Jan 24, 2011
Mumbai: Onion prices have crashed at Lasalgaon, Nashik’s wholesale market due to sudden increase in the supply. Wholesale onion prices have plummetted to Rs 13 a kg in Lasalgaon. On Saturday morning average quality onion price at Lasalgaon was Rs 2600 per quintal (Rs 26 per kg). On Monday, it came down to Rs 1300 per quintal. The sudden downturn in onion prices seems to have been triggered by the...
02:22 PM, Jan 24, 2011
New Delhi: Prime Minister Manmohan Singh on Tuesday met senior cabinet ministers to discuss and review food inflation in the country. Finance Minister Pranab Mukherjee, Home Minister P Chidambaram, Food and Agriculture Minister Sharad Pawar and Planning Commission Deputy Chairman Montek Singh Ahluwalia among others attended the high level meeting. However the meeting held at the Prime Minister's Race Course Road residence remained inconclusive and could continue on Wednesday as...
10:07 AM, Jan 11, 2011
Nashik: Onion prices continue to haunt the government and the consumers. At Rs 60-70 per kilo, the vegetable spelling tears for the consumers and surprisingly even the farmer who produces them is having tough time. A CNN-IBN ground report exposes how traders and middlemen are buying onions dirt cheap and selling them at high prices, taking the entire nation for a ride. Anant Pendhari, a farmer near Nashik got Rs...
09:17 PM, Jan 10, 2011
New Delhi: Nashik onion traders on Monday decided not to purchase onions for two days from the Agricultural Produce Market Committees, following the nationwide income tax raids on onion traders. They, however, later withdrew their strike following assurances from the state government. Traders were protesting against the Maharashtra government's directive of selling onions at not more than Rs 40 per kg. The decision to go on a strike was taken...
10:22 AM, Jan 10, 2011
New Delhi: The Income Tax Department on Saturday conducted survey operations on city-based business premises of onion traders from neighbouring Uttar Pradesh to detect hoarding and illegal profiteering. Sources said the surveys were carried out on the premises of those traders who were searched by the department in Uttar Pradesh on Friday. "There were no searches on any trader from Delhi but surveys were conducted on the city premises of...
03:56 PM, Jan 08, 2011
New Delhi: Retail prices of onions declined by Rs 5-10 per kg to Rs 60 in metros across the country after the Income Tax department conducted raids on Friday on onion traders to check hoarding of onion stock. The maximum fall in retail prices was seen in Chennai, where the rates declined by Rs 10 to Rs 50/kg today from Rs 65/kg on Thursday. Similarly, prices dipped by Rs 5...
08:09 AM, Jan 08, 2011
New Delhi: Raids seem to be in vogue these days. In a frantic attempt by the government to tackle inflation, the Income Tax department today conducted raids on wholesale traders across the country Runway away onion prices have spooked the government so much that it ordered a probe on a possible cartel. Income tax officials raided onion traders across the country following evidence from the competition commission that wholesale traders...
10:59 PM, Jan 07, 2011
New Delhi: Pakistan will resume exporting onions to India, External Affairs Minister SM Krishna said on Thursday, just a day after Pakistani authorities decided to ban its export through Wagah-Attari road route. Krishna said in New Delhi on Friday that Pakistan will send more quantity of onion sent by ship and rail route to India. Indian authorities are already in touch with their Pakistani counterparts on the issue. Krishna had...
09:27 AM, Jan 07, 2011
Mumbai: The Competition Commission of India will now be looking into the issue of the sharp rise in onion prices that have stung the 'aam aadmi'. The apex fair trade watchdog is expected to probe the role of cartels at various levels across the nation that are creating an artificial price increase and shortage for onions. This after CNN-IBN exposed the story of manipulation of onion prices two weeks back....
07:33 AM, Jan 07, 2011
Chandigarh: Pakistan has imposed a complete ban on the export of onion to India via Wagah-Attari land route, a development which may hit Centre's efforts in rein in skyrocketing prices of bulb in the country. "Pakistan government has banned the supply of onion to India via land route," Customs Department (Amritsar) Deputy Commissioner R K Duggal said today, while adding that today no truck was allowed to bring onion by...
03:17 PM, Jan 06, 2011
New Delhi: Even as soaring onion prices are bringing tears to the common man, government apathy is not helping matters. Even as prices soar, nearly 200 tonnes of onions imported from Pakistan are lying rotting at a Mumbai port. In Delhi, retail prices have increased from Rs 50 per kg to Rs 60 per kg. In other metros, prices remained at Rs 40-65 per kg. Traders expect prices to decline...
07:44 AM, Jan 04, 2011
New Delhi: Price of onion, which is being sold at Rs 45-47 a kilogram at nearly 400 selected outlets including Mother Diary stores in the city, is likely to come down by Rs 10 a kg within the next few days. Top officials of Delhi Government said the Centre has agreed to provide 300 metric tonnes of onion to Delhi from the total quantity of around 1,000 metric tonnes being...
06:23 PM, Jan 03, 2011
The high prices aren't just hurting the aam admi. The governement too is feeling the heat. From Rs 16 a kg to Rs 70 a kg, the onion price is seemingly untamable. With a 400 per cent increase over the last 6 months, the politically volatile vegetable is not only bringing tears to the eyes of the aam aadmi but it’s now beginning to hurt the government too. The government...
11:53 PM, Dec 23, 2010
Mumbai: Spiraling onion prices have brought tears to the eyes, quite literally. At Mumbai's biggest wholesale market, CNN-IBN peels off the murky layers of mystery and manipulation around the onion price hike. While the traders at the APMC market were reluctant to talk, CNN-IBN captured a market transporter on a hidden camera spilling the beans. He also claimed that politicians are equally responsible. According to him the price hike is...
11:23 PM, Dec 23, 2010
