Business Standard

Tuesday, December 24, 2024 | 07:30 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Onion prices fall 86%; poor farmers say they'll make Modi pay in 2019 polls

Steep drops in recent weeks in the prices of onions and potatoes, both staple foods for India's 1.3 billion people, have badly hit the rural economy in large states

India importing onion, despite  export rising 56% in April-July
Premium

Last week, the government allowed state-owned agencies such as MMTC to import onion to increase availability and cool retail prices

Rajendra Jadhav and Mayank Bhardwaj | Reuters
A spike in the price of onions has led to the ouster of governments in Indian elections in the past. Now, prices of the staple have collapsed, and many impoverished farmers are saying they will make Prime Minister Narendra Modi pay in next year's general election.

Steep drops in recent weeks in the prices of onions and potatoes, both staple foods for India's 1.3 billion people, have badly hit the rural economy in large states.

In interviews with dozens of farmers last week, Reuters reporters found resentment welling against Modi's Hindu nationalist Bharatiya Janata Party (BJP) for not helping support incomes in

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in