Since March 27, when I spoke to you last, the macroeconomic and financial landscape has deteriorated, precipitously in some areas; but light still shines through bravely in some others, Das said.
The government had last week decided to lift the nearly six-month-old ban on export of onions as The government had imposed ban on onions in September last year when the prices of the bulb had crossed The government is considering lifting ban on exports of onion as fresh arrival of the commodity has started softening its prices in the domestic market, an official said. Onion prices have been ruling around Rs a kg in retail for close to three months as excess unseasonal rainfall damaged the delicate crop across the country.
On Monday, wholesale prices fell to an average of Rs 23 a kg. The Commerce Ministry's DGFT said that the export is allowed only through Chennai port and the outbound shipment of the commodity should be completed by March 31 this year. Krishnapuram onions are not used in kitchen due to their size and pungency.
The European Union has eased rules for import of fresh fruit and vegetables from India. It has done away with the requirement for a physical certificate assuring food safety, and animal and plant health standards. Growth in India's dominant service sector accelerated at a pace not seen in over seven years last month, boosted by a recovery in foreign demand and solid business confidence, a private survey showed on Wednesday.
In a notification issued by director-general of foreign trade, Alok Vardhan Chaturvedi announced an amendment in export policy of onions. The prohibition comes amid rising prices of onions across the country. Traders across the country are struggling to combat rumours about closure of markets and attempts to create artificial shortages. Except chicken, demand for agricultural commodities has not been affected due to coronavirus either in India or in the international market.
However, farm-gate prices have fallen due to scare of Covid Only a substantial increase in domestic arrivals of the crop can help significantly ease onion prices in the local markets. All rights reserved. For reprint rights: Times Syndication Service.
Hackers are a busy lot in these lockdown days. Panache Virtual meetings, collaborating on ideas keep JobsForHer founder busy during extended lockdown. Brand Solutions. TomorrowMakers Let's get smarter about money. ET NOW. ET Portfolio. RBI Guv full speech: Banks to make extra NPA provision, no dividend till Sept Since March 27, when I spoke to you last, the macroeconomic and financial landscape has deteriorated, precipitously in some areas; but light still shines through bravely in some others, Das said.
India to resume onion exports from March 15 The government had last week decided to lift the nearly six-month-old ban on export of onions as Government lifts ban on onion exports The government had imposed ban on onions in September last year when the prices of the bulb had crossed All News Videos Photos.He said onion exporters have already received advance payments from foreign buyers and after the sudden ban, they are unable to honor their commitment which would hit their credibility.
Ahmed claimed the onion exporters had procured sizable quantities for export from the growers as per orders from foreign buyers. According to him, the government should have given 10 days before imposing a ban on exports and it should have been implemented in different phases, as done in India recently.
He said when wholesale price had touched Rs per kg in the last quarter of then the government did not impose any ban on exports and instead allowed imports from Afghanistan and Iran. Facebook Count. Twitter Share. Related Stories. Read more. On DawnNews. Comments 10 Closed Popular Newest Oldest. Feb 21, am. All surplus onion or any other vegetables or food items must be sold in local market at lower prices, when adequate supply is available. This export drama or hoarding or wasting crops etc these are all illegal activities and must be strictly punished.
Recommend 0. PTI Government has made poor planning Either poor get hurt or traders get hurt. Both are equally bad. Ibrahim S.
The exporters should have thought of it when they created internal shortage and sudden rise in prices. In future they will be more careful messing up with government and public. Asim Ch. Good step by govt. No matter what, a grower gets the same amount. Exporter pockets profit and inflates local market. And poor pays the price. Incompetent PTI Government. Tofufiq Nizamani. Thats unfair treatment with farmers.
Onion is no way in short supply. How about other products like clothes are also getting expensive and same as cement and other products. IK is total failure and an inappropriate experiment.
Saif Zulfiqar. Feb 21, pm. Do exporters ever consult the government?The Union government is unlikely to give in to the demand of withdrawing the ban on export of onions. The new entity will set up, manage and operate new payments systems, especially in the retail space, comprising but not limited to ATMs, white-label point-of-sales PoS machines, Aadhaar-based payments and remittance services.
It will also develop new payments methods, standards and technologies and spend on raising awareness of payments systems. The onion retail price on Tuesday dropped to Rs 50 per kg — the price prevailed just before the festive season in September. An additional dash of onions sprinkled over chats or uttappams is no longer a luxury. After months of soaring prices, touching almost Rs a kilogram, it is now selling at Rs25 in most retail markets and online stores.
And if you shop in Koyambedu, the prices could be up to Rs5 less. The price had spiked because of excess rain, which ruined the crop in several parts of the country. Call them Robin Hood do pyaaza. Two youngsters, apparently frustrated by soaring onion prices, stole Rs 60, worth of the precious goods and sold them away at Rs per kilo in a matter of hours in Gwalior. They are now cooling their heels in prison.
The start of the new year is set to bring tears of joy as the rate of onions per kg fell to Rs 67 at the state-run horticulture outlets.
In the retail market, onions came down by Rs 20, selling at Rs 80 per kg.Opportunity in Export Import Business in India -- Latest News on Onion Export -- Import Export
Onions, which were once just Rs per kgshot up to Rs a kg and have now come down to Rs a kg. Despite fall in prices, several residents believe that they are still on the higher side as around two months ago before the prices suddenly shot up, onions were being sold for Rs for 5kg.
After a brief dip, onion prices at the outlets run by the Goa state horticulture corporation limited GSHCL are likely to increase again.
Union ministry of commerce and industry on Sunday amended export policy of onion from free to prohibited, which amounts to banning of all varieties of onions from export, with immediate effect. The prohibition by the government comes amid rising prices of onions across the country. Onion was auctioned in the range of Rs per kg at Chhatrapati Shivaji Market Yard in Gultekdi on Wednesday — the first instance of its wholesale price dipping below the double-figure since the beginning of the ongoing season in January.
At Rs per kg, onion prices have brought tears to consumers with the wholesale prices per quintal rising up to Rs 16, on Sunday as against Rs 6, in November.
Concerns over shortage and high prices of onions were raised in the Rajya Sabha on Friday even as the government blamed delayed and prolonged rains for damage of crops. The govt expects to get at least 35, tonnes of imported onion from next week onwards to increase availability as mandis across the country wait to get enough supply of domestic onion.
Union consumer affairs minister Ram Vilas Paswan tweeted that Centre is importing 6, tonnes of onions from Egypt and another 11, tonnes from Turkey. These will land in India between December 15 and January Ten onion-laden trucks, seven of them from Nashik, arrived at Koley Market on Monday. The network for sale of subsidized onion has widened significantly as ration shops have started selling the vegetable.
Consumers are expected the reap the benefit as onion prices are likely to drop due to the combined effect of these developments. Are onions still wreaking havoc on your monthly budget?The country's onion exports declined by 10 percent to 6.
Exports dipped during the first six months of the fiscal as the government had hiked the minimum export price MEP to USD per tonne in August this year as prices skyrocketed on lower output due to unseasonal rains. In a bid to provide onions at subsidised rates, Delhi Development Minister Gopal Rai on Friday flagged-off mobile vans from Azadpur Mandi to different parts of the city for the vegetable to be sold at "model price". Onion is still fetching the rate of Rs per kg in the retail market in several parts of Punjab.
Wholesale prices of onion Tuesday fell below the Rs 50 per kg mark at the Lasalgaon in Maharashtra, Asia's biggest onion market, due to curbs on exports and fear of action against hoarding. The decision to increase onion MEP to USD per tonne from USD is taken as prices of onions at both wholesale and retail levels have been rising on lower output due to unseasonal rains earlier.
In the price-sensitive Delhi market and some other parts of the country, retail onion price has shot up to Rs 80 per kg. Onion prices at Lasalgaon in Maharashtra -- Asia's biggest wholesale market for onions -- today touched Rs 54 per kg, the highest so far this year, due to tight supply of the crop.
State-run MMTC has invited bids from global suppliers for import of 10, tonnes onion from countries like Pakistan, Egypt, China and Afghanistan to boost domestic supply and check price rise. Onion prices are hardening due to the fall in production and sluggish supply of stored onions, which are meant for meeting demand during July-September.
Woes for the Indian middle class seems to be far from over due to constant escalation in wholesale price of onion. Delhi government will sell onions at Rs 40 a kg at locations across the city. The steep rise in onion prices have come as a double whammy for the Indian middle class who is already reeling under severe pressure from high inflation. Onion prices have shot up by more than 30 percent in Lasalgaon in Maharashtra, Asia's biggest onion market, because of supply shortage.
The government on Friday hiked the minimum export price MEP of onion to USD per tonne to improve the domestic supply and curb prices. Onion exports declined by 21 percent to over 7. Amid fears of spike in onion prices during the upcoming festive season, Agriculture Minister Radha Mohan Singh on Friday said the government will take all measures to ensure prices of onion do not touch the Rs per kg level again.
Middle class woes to continue, wholesale onion price shoots up to Rs 57 per kg In the price-sensitive Delhi market and some other parts of the country, retail onion price has shot up to Rs 80 per kg. Onion price rises to Rs 54 per kg at Lasalgaon Onion prices at Lasalgaon in Maharashtra -- Asia's biggest wholesale market for onions -- today touched Rs 54 per kg, the highest so far this year, due to tight supply of the crop. MMTC floats tender for import of 10, tonnes onion State-run MMTC has invited bids from global suppliers for import of 10, tonnes onion from countries like Pakistan, Egypt, China and Afghanistan to boost domestic supply and check price rise.
Middle-class budget goes haywire, onion prices shoot up by Rs 30 in 10 days Onion prices are hardening due to the fall in production and sluggish supply of stored onions, which are meant for meeting demand during July-September.
Middle class woes to continue as wholesale onion prices touch month high Woes for the Indian middle class seems to be far from over due to constant escalation in wholesale price of onion. Good news! Delhi govt to sell onions at Rs 40 from Monday Delhi government will sell onions at Rs 40 a kg at locations across the city.
Rising onion prices leave buyers in tears The steep rise in onion prices have come as a double whammy for the Indian middle class who is already reeling under severe pressure from high inflation Aug 04,PM IST. Middle class woes: Are onion prices going to hit your household budget?
Won't allow onion prices to rise in festival season: Govt The government will not allow onion prices to rise in festival season, Agriculture Minister Radha Mohan Singh said on Friday. Pakistan reactivates Taliban terror camps to launch attacks in Kashmir. You can find out more by clicking this link Close.The government on Sunday initiated steps to increase the availability of onions in the domestic market and contain rising prices amid a seasonal shortage worsened by flooding in several states.
It banned the export of onion and imposed stock limits on traders to facilitate the release of stocks in the market and prevent hoarding of the vegetable. The stock limit of quintals on retail traders and quintals on wholesale traders has been imposed across the country.
The directorate deals with exports and import-related issues. The minimum export price refers to a floor price set for exports and no Indian onion exporter can export below this price level. This is a policy tool designed to curb exports by making Indian commodities expensive for foreign buyers in the hope that domestic supplies will improve.
The government has also attempted to bring down prices by releasing more onions from federal buffer stocks, prices have remained fairly high. Retail onion prices have touched Rs per kg in Delhi and some other parts of the country due to the disruption in its supply from flood-affected growing states like Maharashtra.
The Centre had said on Tuesday that the current stocks of onions are sufficient to tide over a lean season. Another state-run trading agency, MMTC, has been asked to sign up for imports of an unspecified quantity, the Centre had said on Tuesday.
Last month, the Centre had warned of strict action against hoarding of onion amid supply disruption due to floods in parts of major growing states - Maharashtra and Karnataka. Thank you for subscribing to our daily newsletter.
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India news. Coronavirus cases in India rise to 14, death toll at UP now has 5 coronavirus-free districts including Prayagraj and Pratapgarh. US appeals to China to revise export rules on coronavirus medical gear.However, in terms of value, exports rose over 35 percent to Rs 2, The exports stood at 4,85, Agriculture Minister Sharad Pawar said that he was not in favour of a ban on export of onion. He felt that such a move will impact India's image as a global supplier of farm produce.
Within a fortnight, the government today further lowered the export price of onion by USD to USD a tonne to make it competitive in the international markets. Though the government has lifted a ban on onion exports, the Indian produce is losing out to its rivals from neighbouring China and Pakistan due to high prices and uncertain policies, according to exporters. Rebutting criticism that the short-lived ban imposed by the government on onion exports was not a "panic" decision after it was rolled back within two weeks on Tuesday, food minister K V Thomas today said it was a "precautionary" step aimed at protecting domestic consumers.
The Central Government on Tuesday lifted the ban on onion exports. Maharashtra Chief Minister Prithviraj Chavan today demanded lifting of the ban on onion exports and sought to clear the air over the role of Sharad Pawar in imposing it, saying the Union Agriculture Minister had opposed the measure in the Cabinet meeting.
The government today decided to lift four year-old ban on wheat exports but prohibited onion exports to control its rising prices. India has cut the floor price for onion exports to USD per tonne, a government statement said, its second reduction this month, boosting prospects of overseas sales of the vegetable from the world's second biggest producer.
India has lifted a ban on onion exports that had riled farmers, government sources said on Thursday. The onion traders lobby has forced the Central Government to lift the ban on exporting onions. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.
What is plasma therapy? E-commerce cos to deliver non-essentials. Facebook Twitter Instagram.Order Now. NEW DELHI: The government on Wednesday decided to lift the nearly six-month-old ban on export of onions in a bid to protect the interests of farmers as prices are likely to fall sharply due to bumper rabi crop. Expected monthly harvest in March is over 40 lakh MT compared to The MEP is the rate below which no exports are allowed. The move came after prices had started skyrocketing due to supply-demand mismatch.
There was shortage of onion as kharif crop was adversely affected due to excess rains and floods in key producing states, including Maharasthra. Currently, the arrival of rabi winter crop of onion has begun in small quantities and would increase from mid-March onwards. In March alone, onion arrivals are expected to be as as high as The arrival is anticipated to be higher at 86 lakh tonne in April compared to 61 lakh tonne in the year-ago, they added.
Exports of onion are expected to arrest sharp the fall in domestic prices and thereby protect the interest of growers, the sources said. During the meeting, the sources said import of pulses, especially urad, was also discussed. More from TOI These foods can clean your lungs naturally! Is Dalgona Coffee over-hyped? Navbharat Times. Featured Today in Travel.