Mobility paves Samsung’s silver path
The Korean giant’s early bet on mobile phones helped it hit the $10-bn mark in India, but in its 25th year it ...
India’s rampant onion prices may finally be running out of steam, with fresh supplies of the pungent vegetable set to hit the market next month.
Prices at one of India’s biggest wholesale markets may plunge to about ₹20-25 per kilogram from mid-January, according to Jaydatta Sitaram Holkar, a director at Agricultural Produce Market Committee, a state-run wholesale market for farm commodities at Lasalgaon in Maharashtra. That’s more than 80 per cent below Tuesday’s record price.
Read also: Onion prices at a four-year high. Why?
A new onion crop should help ease what has been a catastrophic year for the vegetable in the worlds second-most populous nation. Soaring prices have been blamed for accelerating food inflation and even triggering onion thefts and fistfights, according to some reports.
The key ingredient for Indian curries and chutneys is so ubiquitous that economists are keeping a close eye on prices for signs of when the central bank may cut rates.
The country usually produces more onions than it needs. But this year, torrential rains and flooding damaged stockpiles as well as the monsoon crop in the main growing areas, according to Siraj Hussain, a visiting senior fellow at the Indian Council for Research on International Economic Relations in New Delhi.
Also read: The power of onion is a hoax
The government sought to control prices by banning exports, restricting hoarding and increasing imports. Yet, the rally continued with shipments from overseas not due to arrive until Dec. 27.
Prices surged to a record ₹111 per kilogram on December 17, according to Narendra Savaliram Wadhavane, a secretary at the state-run wholesale market. Average wholesale prices are still about 80 rupees per kilogram, compared with about 15 rupees in June and July.
Hussain, who is also a former agriculture secretary, warned that the government’s decision to limit onion stockpiles could hurt farmers when prices come down again as they’ll be forced to sell despite poor profit margins. Prices are historically volatile, sinking to as low as 0.5 to one rupee per kilogram toward the end of 2018.
The Korean giant’s early bet on mobile phones helped it hit the $10-bn mark in India, but in its 25th year it ...
Antrix should adopt a different tactic than merely fighting over jurisdiction: Experts
Invest in relationships, enterprise, behaviour, effort and learning
From different types of osmoses to new membranes, researchers have come up with ways of drawing water
High valuation and stiff competition from larger players are a dampener
₹1503 • HDFC Bank S1S2R1R2COMMENT 1500148015101525 As the stock has broken out of resistance at ₹1,500, ...
The stock of Kajaria Ceramics Limited, after witnessing a fresh breakout, on Tuesday hit a fresh 52-week high ...
Will a stock continue its current trend or will it reverse? We tell you how you can read chart patterns to ...
In these isolated times when people yearn for a slice of the familiar, amateur and professional chefs are ...
Writer Narendra’s latest book, rich with vignettes from Bastar and his native village in Uttar Pradesh, ...
On the eve of his 86th birthday, a peek into an interview-based book that reveals the actor’s many moods, ...
Forget the tuna. The island nation will keep you full and happy with coconut, koftas and jasmine
Digital is becoming dominant media, but are companies and their ad agencies transforming fast enough to make a ...
Slow Network, promoted by journalist-lyricist Neelesh Misra, pushes rural products and experiences
How marketers can use the traditional exchange of festive wishes meaningfully
For Fortune, a brand celebrating its 20th anniversary, it was a rude shock to become the butt of social media ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor