Business Standard

Page 2 - Onion

Onion auctions to resume at APMCs in Nashik from Aug 24: Traders' rep

Onion auctions at all APMCs in Maharashtra's Nashik district, closed for three days now, will resume from Thursday as traders protesting the imposition of 40 per cent export duty on the key kitchen staple have decided to withdraw the agitation, a traders' representative here said on Wednesday. The decision was taken in a meeting of the representatives of traders-exporters and farmers with Union minister Dr Bharati Pawar here on Wednesday. After the meeting, Pawar also said a representative of the traders in Nashik informed in the meeting that they are withdrawing the decision of closure of onion auctions at the Agriculture Produce Market Committees (APMCs) and the operations there will start tomorrow. "About the 40 per cent export duty, we will request the Union government to rethink and take a positive decision on the issue," she said. Pawar, the Union Minister of State for Health and Family Welfare, is the member of Parliament from Dindori in Nashik. Onion auctions at most of th

Onion auctions to resume at APMCs in Nashik from Aug 24: Traders' rep
Updated On : 23 Aug 2023 | 5:08 PM IST

Centre to procure additional 200K-tonne onions amid farmer protest

The Centre already has a buffer stock of 300,000 tonnes of onions, which it has now decided to expand to 500,000 tonnes

Centre to procure additional 200K-tonne onions amid farmer protest
Updated On : 23 Aug 2023 | 12:21 AM IST

Govt's policy neither beneficial to farmers nor consumers: Sena (UBT)

The Shiv Sena (UBT) on Tuesday slammed the Centre over its decision to impose 40 per cent export duty on onions and claimed the government's policy is neither beneficial to farmers nor consumers. An editorial in the Sena (UBT) mouthpiece 'Saamana' further claimed the Modi government gives assurances of doubling the income of farmers, but works in a way that they do not even get the expected income. On August 19, the central government imposed 40 per cent export duty on onions to restrict outward shipments and boost local availability, amid apprehension about the kharif output and signs of firming of retail prices. The decision led to protests by farmers and traders in various parts of Maharashtra, especially in Nashik district. The policy of the government is neither beneficial to farmers nor consumers, the editorial in Saamana said. Whenever there is a chance for farmers to earn a little more money, the government either resorts to export duty or ban on exports, the Marathi daily

Govt's policy neither beneficial to farmers nor consumers: Sena (UBT)
Updated On : 22 Aug 2023 | 4:35 PM IST

Onion export duty: Amid protests, MoS tells farmers prices will not crash

Amid a protest by farmers and traders against the imposition of 40 per cent export duty on onions by the Centre, Union Minister Bharti Pawar on Monday said prices of the kitchen staple will not crash. During the day, auctions of onions in APMCs in Nashik were halted in protest and several farmers and traders held protests across the district seeking a rollback of the export duty. "Prices of onions will not crash so farmers must not worry. The demand is growing and thinking about the people first is the policy of the Union government," she told reporters here. The government has taken the (export duty) decision to balance demand and supply and NAFED has been directed to procure additional two lakh tonnes of onion as buffer stock, Pawar said. She said the opposition was attacking the government over the rise in prices of onions and the move was to ensure there is availability of the crop in the domestic market. She said Union Minister for Consumer Affairs, Food and Public Distributi

Onion export duty: Amid protests, MoS tells farmers prices will not crash
Updated On : 21 Aug 2023 | 11:10 PM IST

Onion export duty 'timely' move to boost domestic supply, check price rise

The government on Monday said the decision to impose a 40 per cent export duty on onions was not a "premature" but a timely move to boost domestic supply and control retail prices. The statement comes amid farmers' protest at several places in Nashik district in Maharashtra against the 40 per cent duty imposed on onion exports. Traders are also against the imposition of the duty. "It is not a premature decision to impose export duty on onion. It is a timely decision taken to increase the domestic availability and check prices," Union Consumer Affairs Secretary Rohit Kumar Singh told PTI. Till the situation demands, Singh said the government will intervene with release of buffer onions in both the wholesale and retails markets in select states. On Saturday, the Centre imposed a 40 per cent duty on the export of onions amid signs of price rise as well as increase in outward shipments. The decision to impose export duty on onions for the first time ever is also aimed to curbing price

Onion export duty 'timely' move to boost domestic supply, check price rise
Updated On : 21 Aug 2023 | 6:54 PM IST

Maharashtra farmers protest at markets against 40% duty on onion export

Farmers in at least three districts in Maharashtra on Sunday protested at APMCs against the Centre's decision to impose a 40 per cent duty on the export of the kitchen staple. Amid protests, state Agriculture Minister Dhananjay Munde said he would speak with Union Commerce and Industry Minister Piyush Goyal on Tuesday and try to find some "amicable" solution to the issue. A day after the Central government imposed a 40 per cent duty on the export of onions till December 31, 2023, wholesale markets at Satana, Malegaon and Lasalgaon (In Nashik district), in Ahmednagar, and at Manchar and Khed in Pune district saw protests by farmers. Munde's cabinet colleague Chhagan Bhujbal said he would raise the onion export duty issue with the state deputy chief minister and BJP leader Devendra Fadnavis. "I will request him to discuss this with officials in Delhi. We will try to take steps to find an amicable solution, Bhujbal told reporters. A Swabhimani Shetkari Sanghatna (SSS) leader said ...

Maharashtra farmers protest at markets against 40% duty on onion export
Updated On : 20 Aug 2023 | 9:38 PM IST

NCCF to sell onion at subsidised rate of Rs 25/kg in Delhi from tomorrow

Cooperative NCCF will commence retail sale of onion from the government buffer stock at a subsidised rate of Rs 25 per kg in the national capital from Monday to give relief to consumers from high prices of the kitchen staple, its top official said on Sunday. The National Cooperative Consumers' Federation of India (NCCF) is already selling tomatoes on behalf of the central government at a subsidised rate and it has now been mandated to retail buffer onion. The government has created a buffer stock of 3 lakh tonne of onion for 2023-24 fiscal. It has also decided to procure additional 2 lakh tonne onion for the buffer this year. "To begin with, we will start retailing buffer onions in Delhi. We will sell at a subsidised rate of Rs 25 per kg through our mobile vans and two retail outlets," NCCF Managing Director Anice Joseph Chandra told PTI. Around 10 mobile vans will be dispatched on Monday in the national capital and more areas will be covered gradually. NCCF will also sell the ...

NCCF to sell onion at subsidised rate of Rs 25/kg in Delhi from tomorrow
Updated On : 20 Aug 2023 | 7:29 PM IST

Govt to procure 200,000 tn of onion to create total 500,000 tn buffer stock

The government on Sunday announced it will procure an additional 2 lakh tonnes of onion in order to maintain a total buffer stock of 5 lakh tonnes this year and use that for retail intervention. The announcement has come a day after the government imposed a 40 per cent duty on the export of onions to improve local supplies and check its prices. For the current 2023-24 fiscal, the target for onion buffer was kept at 3 lakh tonnes, which has already been procured. Currently, the same buffer stock is being disposed of in the targeted markets in select states to improve the local availability and check price rise. According to the official data, all-India average retail price of onion was ruling 19 per cent higher at Rs 29.73 per kg on Sunday compared to Rs 25 per kg in the year-ago period. In Delhi, retail price of onion has increased to Rs 37 per kg from Rs 28 per kg in the said period. "In an unprecedented move the government raised the quantum of onion buffer to 5 lakh tonne this .

Govt to procure 200,000 tn of onion to create total 500,000 tn buffer stock
Updated On : 20 Aug 2023 | 7:29 PM IST

Centre imposes 40% export duty on onion to improve local supplies

The government on Saturday imposed a 40 per cent duty on the export of onions to check price rise and improve supplies in the domestic market. The Finance Ministry through a notification imposed a 40 per cent export duty on onions till December 31, 2023. The export duty comes amid reports that onion prices are likely to rise in September.

Centre imposes 40% export duty on onion to improve local supplies
Updated On : 19 Aug 2023 | 8:38 PM IST

Govt to release buffer onion in open market to keep prices under check

The government on Friday announced it will release onion from its buffer stock in the targeted regions with immediate effect to ensure prices remain under check till the new crop arrives from October onwards. The government is exploring multiple options for disposal of onion: e-auction, e-commerce as well as through states at discounted rates via retail outlets of their consumer cooperatives and corporations, it said. The government has currently maintained 3 lakh tonnes of onion under the Price Stabilisation Fund (PSF) to meet any exigencies, if rates go up significantly during the lean supply season. As per the government data, onion prices have started inching up slightly as all-India retail price of the key kitchen staple was available at Rs 27.90 per kilogramme on August 10, higher by a little over Rs 2 per kg in the year-ago period. "We will release onion from the buffer stock immediately," Consumer Affairs Secretary Rohit Kumar Singh told PTI. The modalities for the disposa

Govt to release buffer onion in open market to keep prices under check
Updated On : 11 Aug 2023 | 3:41 PM IST

Govt procures 20% more onion at 300k tonnes for buffer stock this year

The government has procured 20 per cent more onion at 3 lakh tonnes as buffer stock this year, while also piloting irradiation of onion with Bhabha Atomic Research Centre (BARC) to increase shelf life, Consumer Affairs Secretary Rohit Kumar Singh said on Sunday. In the 2022-23 fiscal, the government had maintained 2.51 lakh tonnes of onion as buffer stock. The buffer stock is maintained under the Price Stabilisation Fund (PSF) to meet any exigencies, if rates go up significantly during the lean supply season. "To meet any eventuality in the festival season, the government this year developed a robust buffer to an extent of 3 lakh tonnes. There is no problem with onions," Singh told PTI. Onion that is procured for the buffer stock is from the just completed rabi season. Presently, the kharif onion sowing is underway and its arrival begins in October. The Secretary said, "Usually, onion prices in the retail markets come under pressure for 20 days or so till the fresh kharif crop hit

Govt procures 20% more onion at 300k tonnes for buffer stock this year
Updated On : 16 Jul 2023 | 2:18 PM IST

Tomato is not the villain of the rise in retail inflation in June

The kitchen staple may, however, be responsible for its spike in July

Tomato is not the villain of the rise in retail inflation in June
Updated On : 13 Jul 2023 | 1:15 PM IST

Govt asks Agri Min to give more incentive to kharif onion to boost supply

The consumer affairs ministry has asked the agriculture ministry to give more incentive and impetus to kharif onion during the festival period in the winter season to avoid any spike in prices, a top government official said on Friday. Normally, onion prices shoot up during the winter season, as stored rabi onion gets exhausted and fresh kharif onion cannot be stored. Currently, the sowing of kharif onion is underway. Briefing media, Consumer Affairs Secretary Rohit Kumar Singh said the kharif onion plays a critical role during the festival period in winter. "To ensure availability during that time, we have requested the agriculture ministry to give more incentive and impetus to kharif onions. This point was emphasised in the meeting of the cabinet secretary yesterday," Kumar said. The country's onion production is estimated at 319 lakh tonne in the ongoing 2023 calendar year, slightly lower than 324 lakh tonne in the previous year, he said. Onion is produced in two seasons -- ra

Govt asks Agri Min to give more incentive to kharif onion to boost supply
Updated On : 30 Jun 2023 | 7:59 PM IST

Onion growers will be given financial relief of Rs 350 a quintal: Maha CM

The Maharashtra government has accepted most of the demands made by farmers who are marching from Nashik to Mumbai and onion cultivators will be given financial relief of Rs 350 a quintal, Chief Minister Eknath Shinde told the state Assembly on Friday and urged the protesters to end their nearly week-long stir. Earlier in the day, representatives of the agitating farmers and tribals said their 200km 'long march' has been halted for now, but they will resume their walk to Mumbai if the state government does not come out with concrete steps to address their demands. The foot march by thousands of farmers and tribals, which started from Dindori town in Nashik district in North Maharashtra on Sunday last, has reached Vasind town, around 80km from Mumbai The chief minister informed the House that he had held discussions with a farmers' delegation over 14 points, including forest rights, encroachment of forest land, transfer of land belonging to temple trusts and grazing grounds to ...

Onion growers will be given financial relief of Rs 350 a quintal: Maha CM
Updated On : 17 Mar 2023 | 10:31 PM IST

Why falling prices of onions and potatoes are distressing farmers

Prices of these three commodities have seen perhaps the wildest fluctuations in agriculture commodities among all crops for multiple reasons

Why falling prices of onions and potatoes are distressing farmers
Updated On : 08 Mar 2023 | 11:13 PM IST

Nafed intervenes to stabilise markets as onion and potato prices plunge

Sharp drop in onion and potato prices since last few weeks have forced farmers to dump their produce in fields as selling price is far less than even cost of carrying produce to the market

Nafed intervenes to stabilise markets as onion and potato prices plunge
Updated On : 28 Feb 2023 | 10:57 PM IST

Farmers stop onion auction at Lasalgaon APMC over drop in prices

In the wake of a consistent drop in the onion prices, angry farmers stopped the auction of the key kitchen staple on Monday at Maharashtra's Lasalgaon Agriculture Produce Market Committee (APMC), Asia's biggest onion market. The price per kilogram of onion came down to Rs 2 to Rs 4, which angered the growers. A representative of the onion growers said the government should immediately declare a grant of Rs 1,500 per quintal of onions and purchase their produce at Rs 15 to Rs 20 per kg, or else they will not let the auction resume at the Lasalgaon APMC, located in Nashik district. As soon as the auction process began as the market opened for the week on Monday, onions fetched a minimum price of Rs 200 per quintal, the maximum rate of Rs 800 per quintal and an average price of Rs 400-450 per quintal. As a result, the angry farmers led by the Maharashtra Rajya Kanda Utpadak Sanghatana stopped the auction of onions and started an agitation. On Saturday 2,404 quintal onions arrived at

Farmers stop onion auction at Lasalgaon APMC over drop in prices
Updated On : 27 Feb 2023 | 11:27 PM IST

Pulses, onion won't see price hike this year; have adequate stock: Govt

The all-India average retail price of onion has witnessed a significant decline of 28 per cent compared to last year

Pulses, onion won't see price hike this year; have adequate stock: Govt
Updated On : 20 Oct 2022 | 10:16 PM IST

Russia-Ukraine conflict: Dehydrated onion exports from India take a 20% hit

Dehydrated or dried onions are largely exported from India to Europe which lifts 60 per cent of whole, cut, sliced, broken or as powdered bulbs from the country

Russia-Ukraine conflict: Dehydrated onion exports from India take a 20% hit
Updated On : 03 Jun 2022 | 11:58 PM IST

Onion output likely to be more than last year in FY22; potato slightly less

Total horticulture production pegged at 333.3 million tonnes in 2021-22, outstripping foodgrains output again

Onion output likely to be more than last year in FY22; potato slightly less
Updated On : 29 Mar 2022 | 1:51 AM IST