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
A government cannot make markets, and when it tries to control how they move, it almost always makes things worse
Onions have a weight of 0.6 per cent in the overall inflation basket and contribute about 10 per cent to the vegetable basket
The sharp increase in onion prices prompted the government to levy $850 a tonne of the minimum export price (MEP) on September 15, followed by the ban on its exports and levy of stock limits.
Unfortunately, both the perception and prescriptions offered are shrouded in myths, which need to be deconstructed to know one's onions
Cheer for consumers, grief for farmers and traders. Huge losses for stockists who booked at higher levels on hopes of further price rise
Asian consumers have developed a serious dependence on Indian onion supplies for go-to dishes
The onion, whose soaring prices have been blamed for bringing down past governments, puts Prime Minister Narendra Modi in a tight spot
Earlier, it had authorised states to impose stock limits for certain items under the Essential Commodities Act
The government will also sell onions at 400 ration shops across the national capital
Earlier this week, the Centre had taken several decisions to curb the rise in onion prices
Onion has become costlier by over 33 per cent in the last one week and over 70 per cent in September so far
Onion prices are on the rise despite several measures taken by the central government to boost supply
At Lasalgaon mandi, Asia's largest onion selling market, the onion price jumped Rs 1.50 a kg to Rs 32 a kg, the highest since January last year
Government vigilant, considering MEP to control exports
The fear of price rise gained momentum after reports surfaced that the NAFED procured 50,000 tonnes of onion this season
Seek MSP of Rs 8.5 a kg as they are incurring a loss of Rs 2-3 a kg on sales, if transport cost is included; very few tillers have option of switching to more remunerative crops
Price of export-quality bulbs touches Rs 10 per kg; farmers hold back sale of fresh onions, expecting prices to go up further
It said the true picture of the condition of farmers cultivating onions, cotton and tomatoes was yet to come before the government