Onion Price Hike: Fall in kharif crop production, heavy rains, floods, supply shortage and distribution problems are some of the reasons for onions getting costlier. Poor supply has pushed wholesale onion prices to a four-year high. Onion prices have sky-rocketed to over Rs 100 per kilogram in Maharashtra’s Mumbai and Pune due to severe unseasonal rainfall in Nashik district which is the primary onion providers for these two major cities in the state. According to sources, the Standing Committee on Food, Consumer Affairs & Public Distribution is scheduled to discuss the issue on November 27. “After lockdown affecting employment, the skyrocketing onion prices now is yet another problem,” he said adding, “It is getting difficult to handle the guests. photos and videos on Onion Price Rise - ABP News The rise in onion prices comes at a turbulent time for the economy, which has slowed down. Read latest news and live updates on Onion-price-rise including breaking news on Onion-price-rise,Onion-price-rise photos,Onion-price-rise videos and many more at cnbctv18.com. “Rate per tiffin is Rs 30. The kitchen staple was available for ₹20 per kilogram a few weeks back. (Representative image | PTI photo), Soaring vegetable rates dampen festive mood in Mumbai, onion crosses century-mark. New Delhi: All-India average retail price of onions has dropped by 60 per cent this year to Rs 40 per kg on timely government interventions to boost the supply, Consumer Affairs Secretary Leena Nandan said on Thursday. In between comes the fresh onion crop harvested in the month of August in southern states. These cookies, for example, let us recognize that you have created an account and have logged in/out to access site content. Such consignments of onions for consumption will not be subjected to four times additional inspection fee on account of noncompliance of conditions of import under the PQ order, 2003. The reason for this rise in onion prices is that the crop in southern states such as Karnataka and Andhra Pradesh got damaged due to heavy rains. heavy rain onion price hike agriculture ಭಾರಿ ಮಳೆ ಈರುಳ್ಳಿ ಬೆಲೆ ಏರಿಕೆ ಕೃಷಿ English summary Most cities in Karnataka are supplied with onions from Davanagere, Ranebennur, Hubballi, Belagavi and some other Maharashtra cities. The release of onion from the buffer stock is being carried out swiftly but in a calibrated manner from the second half of September, 2020 to major Mandis as well as to retail suppliers such as Safal, Kendrya Bhandar, NCCF, TANHODA & TANFED (Govt. We also use cookies to administer our sites and for research purposes, zeenews.india.com also has contracted with third-party service providers to track and analyse statistical usage and volume information from our site users. He said, “I also got Rs 70 for one kg of onion. One of the prime reasons for the current hike in the prices is the shortage of supply. Two of the big wholesale markets in the city, Posta and Koley Market, on Wednesday (October 28) received one-twentieth of its usual daily supply of onion from Nashik. These cookies permit us to "remember you” in-between visits. Session Cookies  On Friday, onion prices at Lasalgaon touched a minimum of Rs 1,000 a quintal and a maximum of Rs 2,411 per quintal with modal price at Rs 2,000 per quintal. I had managed the harvested onion in systematic way.”, He said, “The harvested onions were given proper amount of sunlight for 15 days in the month of April. Onion prices have risen sharply for more than a month due to tight supply. At the start of October, that price was 80 rupees ($1.13; £0.91). The information provided below about cookies also applies to these other tracking technologies. Onion prices have been on the rise for past few days due to supply disruption from flood-affected producing states like Maharashtra. You can find out more by clicking By mid-October, early kharif onion harvest also starts arriving in the markets and by mid-November, bumper onion crop harvest comes late Kharif season. The other tracking technologies work similarly to cookies and place small data files on your devices or monitor your website activity to enable us to collect information about how you use our sites. All India Democratic Women’s Association members on Thursday staged a demonstration here against skyrocketing of onion prices. This supply chain has been broken. Heavy rains have damaged the onion crops in the fields. Rise in onion prices in recent weeks has brought more worries not only to an average household but also brought double trouble for restaurants, which are facing crisis due to ongoing Covid-19 pandemic. However, people now have to pay over ₹80 per kilogram. In small supermarkets which do not have state-provided food stalls, onion price has risen to between 7-10 Turkish liras, according to the newspaper. zeenews.india.com understands that your privacy is important to you and we are committed for being transparent about the technologies we use. This stock will last for next one month. According to sources, the Standing Committee on Food, Consumer Affairs & Public Distribution is scheduled to discuss the issue on November 27. As a result, the retail market price for onion in Pune has gone up from Rs 100 to Rs 130 a kilo. To tide over the present situation, the government has stepped up disposal of Onions through the built up onion buffer stock from the Rabi onion -2020 of I LMT which was doubled since the quantity of last year. Now that is almost over, we expected to earn a little more, this onion and vegetable price rise is over us. Onion Price Rise News. Rise in onion prices in recent weeks has brought more worries not only to an average household but also brought double trouble for restaurants, which are facing crisis due to ongoing Covid-19 pandemic. The onion retail price touched Rs 100 a kg on Wednesday (October 28) across city markets with demand-supply gap widening fast. The price of onion has been skyrocketing for quite some time now. India.com News Desk | December 10, 2019 9:08 PM IST. The reason for rising rates included massive exports as high as 15 lakh tonnes and this caused short in supply. But since the landed cost has increased to Rs 50-60 per kg, by the time the imported onion reaches the retail markets, it will cost around Rs 80-90 per kg, defeating the very purpose of resorting to imports. We do not control the setting of these cookies so please check the websites of these third parties for more information about their cookies and how to manage them. At the source of the problem was the rather prolonged monsoon which only began its withdrawal on October 9. Further, Onions are also being disposed off through Open Market Sales. After potato and onion, the price of edible oil has now gone up due to a sharp increase in the cost of oilseeds. photos and videos on Onion Price Rise - ABP Live Amid soaring prices of food items such as tomato, onion and potato, a Parliamentary standing committee is going to deliberate on the “causes and effects” of price rise of essential commodities. Alok Kumar, working as manager with a restaurant, said, “Advance purchase of semi-perishable vegetables has saved us from this rise of onion prices. Follow. The Indian High Commissions in the relevant countries are already contacting the traders for ensuring greater imports of onions to the country. Onion price hike: Prices in the past few days have witnessed an increase of around Rs 30-40 per kg at many places and the poor supply has forced the wholesale rates upward to a four-year high These developments on the weather front have contributed to the sharp increase in onion prices. The cultivation picked up pace after the average wholesale price of the cash crop hit an all-time high of Rs 5,700 per quintal in August 2015 The crop area in Nashik, a major onion supplier to Mumbai, Delhi and many parts of north India, increased from 1.24 lakh hectares in 2013-14 to 2.28 lakh hectares in 2017-18 Onion-price-rise Latest Hindi News, Onion-price-rise Breaking News, Find all Onion-price-rise से जुड़ी खबरें at Live Hindustan, page1 “It will take another three to four months for fresh produce to hit the markets. Such consignments after fumigation would be released with no additional inspection fee and an undertaking will be obtained from the importers that the onion will be used only for consumption and not for propagation. PTI, Copyright © Zee Media Corporation Ltd. All rights reserved, Stocks in Focus on January 1: IDBI Bank, Mahindra & Mahindra, BEL, Bharat Dynamics to Rain Industries; here are the 5 Newsmakers of the Day, Elton John: If I have to go back and play Crocodile rock again, I'm gonna kill myself, 7th Pay commission-7th CPC Latest news! Andhra Pradesh, Telangana and Lakshadweep have also placed their requisition for onions, which are being dispatched. BCCL But keeping in mind the current onion prices, we will be making best use of this stock and see to it that the onion last for next two months, by that time fresh stock will definitely hit the markets and onion prices will be under control.”, As a restaurant manager, Alok Kumar was worried that his sector has already suffered a lot and seen loss of employment to scores of people during Covid-19 lockdown. They say if onion prices continue to rise for two-three months, restaurants would be forced to revise their rate list and brace for lower footfalls. Zeenews.com use cookies and other technologies to store information in your web browser or on your mobile phone, tablet, computer, or other devices (collectively "devices") that allow us to store and receive certain pieces of information whenever you use or interact with our zeenews.india.com applications and sites. Although this is just 22 per cent higher than where it stood last year (when excessive rainfall caused significant damage to crops), it is 115 per cent higher than the average price over the last half a decade. There is no arrival of fresh onion crops from farms even as October is nearing its end. One of the prime reasons for the current hike in the prices is the shortage of supply. At the source of the problem was the rather prolonged monsoon which only began its withdrawal on October 9. Check new rate here, Mutual Fund Investment – These 3 MFs to give BUMPER returns in 2021; Anil Singhvi gives investment strategy, Indian Railways New Year gift to rail passengers: 8 new trains starting this year, check IRCTC full list here, Deepika Padukone deletes all Instagram, Twitter posts, UP Board exam 2021 Date: All you need to know about new arrangements at exam centres, Covid 19 norms | Check latest updates, UP Board Class 10, Class 12 exam 2021: High school, Intermediate exam date sheet soon| Check latest report, Do UPI transactions or payments? I have stored onion in proper condition and that is the reason why I am getting a good price.". The kitchen staple was available for ₹20 per kilogram a few weeks back. However, if you select this setting you may be unable to access certain parts of the sites. He is facing the heat. 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