Onion prices soar on drought, heavy rains; may breach Rs 100 per kg mark

August 13, 2013

New Delhi, Aug 13: The average wholesale price of onion has more than doubled since the beginning of this month and the vegetable is now selling at up to Rs 80 per kg in the city due to shortages blamed on excess monsoon rains destroying crops. Insiders in the trade say prices are not likely to reverse till around September-end . Prices are likely to stabilize this week but another surge is expected in the coming week.onion-selling

Onion prices double in 2 weeks

The average wholesale price of onion has more than doubled since the beginning of this month. A massive shortage, with most of the crop destroyed due to heavy monsoon showers, has resulted in onions touching an unbelievable retail rate of Rs 80 per kg in some parts of the city.

Experts say the trend is not likely to reverse any time soon and the earliest respite can be expected around the end of September. "The maximum price for onions was Rs 55 per kg on Monday morning. We are expecting prices to stabilize this week but another surge is expected in the coming week. Stocks are depleting very fast and no new stock is coming in. This situation will remain similar till it doesn't stop raining in Karnataka . Prices may fall around end-September ," said Surendra Sahani, proprietor of Gujarat Onion Company.

A slight fall in rates across the country was observed on Monday afternoon but they picked up again by evening. "There was a downward trend in the afternoon and prices fell by Rs 2-3 per kg. However, if it continues raining in south India, prices are likely to go up again," said Rajendra Sharma, chairman of APMC.

Delhi gets its onions from three states at this time. In Maharashtra, the wholesale price of onion was about Rs 50 per kg which, when brought to Delhi, went up by Rs 5 per kg after factoring in cost of transport and other overheads. In Rajasthan, the crop is at its fag end while in Madhya Pradesh only about 15% of the crop remains. "We should have started getting onion from Karnataka by now. Some has started coming in but most of it is very poor quality due to the rain. Karnataka is buying onions from MP and Maharashtra to meet its own demand , which could have otherwise been diverted to north India if Karnataka's own produce had been good," said Sahani. Wholesale onion prices at Lasalgaon market near Nashik touched an all-time high on Monday—Rs 4,300 per quintal—and have increased 25% in three days. Nashik onions are supplied to Delhi, Mumbai, Bangalore and Pune among other cities.

This year farmers in Rajasthan planted less onions, after suffering huge losses last year. "In 2012 there was a bumper crop of onions but most of it could not be sold and farmers suffered losses. Taking a cue from that, they planted less crop this time and that has added to the shortage," said sources.

With onions averaging Rs 48 per kg in the wholesale market on Monday, it was no surprise that the average price in the retail market went up to Rs 60. But, shopkeepers charged customers as they pleased since the retail price ranged from Rs 50 in parts of east Delhi to Rs 80 per kg in south Delhi.

"Onions are a staple item in north Indian cooking and we purchase about a kilogram of onions every three days. If prices stay the same, I will have to start cooking recipes that don't need onions . The government should step in and ensure that there is at least a uniform rate across the city instead of letting vendors charge any amount they like," said Sugandha Verma of Patparganj

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News Network
May 7,2020

May 7: Accusing the BJP government in Karnataka of "medieval barbarism" and treating migrants as worse than "bonded labourers", CPI(M) general secretary Sitaram Yechury on Wednesday hit out at the state's decision to stop workers from returning to their homes in different parts of the country citing requirements of the construction sector.

The Karnataka government has withdrawn its request to the railways to run special trains to ferry migrant labourers to their home states, hours after builders met Chief Minister B S Yediyurappa to apprise him of the problems the construction sector will face in case they left.

"This is worse than treating them as bonded labour. Does the Indian constitution exist? Are there any laws in the country? This BJP state government is throwing us back to medieval barbarism. This will be stoutly resisted,” Yechury said in a tweet.

The railways is running Shramik Special trains to ferry to their home towns migrants who were stranded at their places of work during the lockdown.

So far, it has run more than 115 such trains.

The Principal Secretary in the Revenue Department N Manjunatha Prasad, who is the nodal officer for migrants, had requested the South Western Railways on Tuesday to run two train services a day for five days except Wednesday, while the state government wanted services thrice a day to Danapur in Bihar. However, later, Prasad wrote another letter within a few hours that the special trains were not required. Several migrants in the city were desperate to return home as they were out of jobs and money.

Yechury also lashed out at the central government over reports that it owed states and industry Rs 3 trillion and accused the centre of shifting the burden of fighting the pandemic to the state governments.

“While shifting the entire burden of fighting the pandemic on to the State governments, Modi government is not even paying their legitimate dues. After November 2019, Centre has not paid the GST compensation dues for the rest of the financial year, i.e., March 2020.

“Modi government has the right to loot while crores of people & States are left with nothing but the right to starve?,” he tweeted.

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News Network
February 19,2020

New Delhi, Feb 19: India will switch to the world's cleanest petrol and diesel from April 1 as it leapfrogs straight to Euro-VI emission compliant fuels from Euro-IV grades now - a feat achieved in just three years and not seen in any of the large economies around the globe.

India will join the select league of nations using petrol and diesel containing just 10 parts per million of sulphur as it looks to cut vehicular emissions that are said to be one of the reasons for the choking pollution in major cities.

Sanjiv Singh, Chairman of Indian Oil Corp (IOC) - the firm that controls roughly half of the country's fuel market, said almost all refineries began producing ultra-low sulphur BS-VI (equivalent to Euro-VI grade) petrol and diesel by the end of 2019 and oil companies have now undertaken the tedious task of replacing every drop of fuel in the country with the new one.

"We are absolutely on track for supplying BS-VI fuel from April 1. Almost all refineries have begun supplying BS-VI fuel and the same has reached storage depots across the country," he said.

From storage depots, the fuel has started travelling to petrol pumps and in the next few weeks all of them will only have BS-VI grade petrol and diesel, he said. "We are 100 per cent confident that fuel that will flow from nozzles at all the petrol pumps in the country on April 1 will be BS-VI emission compliant fuel."

India adopted Euro-III equivalent (or Bharat Stage-III) fuel with a sulphur content of 350 ppm in 2010 and then took seven years to move to BS-IV that had a sulphur content of 50 ppm. From BS-IV to BS-VI it took just three years.

"It was a conscious decision to leapfrog to BS-VI as first upgrading to BS-V and then shifting to BS-VI would have prolonged the journey to 4 to 6 years. Besides, oil refineries, as well as automobile manufacturers, would have had to make investments twice - first to producing BS-V grade fuel and engines and then BS-VI ones," he said.

State-owned oil refineries spent about Rs 35,000 crore to upgrade plants that could produce ultra-low sulphur fuel. This investment is on top of Rs 60,000 crore they spent on refinery upgrades in the previous switchovers.

BS-VI has a sulphur content of just 10 ppm and emission standards are as good as CNG.

Originally, Delhi and its adjoining towns were to have BS-VI fuel supplies by April 2019 and the rest of the country was to get same supplies from April 2020.

But oil marketing companies switched over to supply of BS-VI grade fuels in the national capital territory of Delhi on April 1, 2018.

The supply of BS-VI fuels was further extended to four contiguous districts of Rajasthan and eight of Uttar Pradesh in the National Capital Region (NCR) on April 1, 2019, together with the city of Agra.

BS-VI grade fuels were made available in 7 districts of Haryana from October 1, 2019.

Singh said the new fuel will result in a reduction in NOx in BS-VI compliant vehicles by 25 per cent in petrol cars and by 70 per cent in diesel cars.

The switchover, he said, is a tedious task as every drop of old, higher-sulphur content fuel has to be flushed out in depots, pipelines and tanks before being replaced by BS-VI.

"We are confident of disruption-free switchover to BS-VI supplies across the country," he said. "What we will be supplying is the best quality available anywhere in the world. You don't have any better fuel that is supplied in any part of the world. Perhaps our BS-VI fuel will be better than equivalent fuel in some parts of the US and Europe."

India adopted a fuel upgradation programme in the early 1990s. Low lead gasoline (petrol) was introduced in 1994 in Delhi, Mumbai, Kolkata and Chennai. On February 1, 2000, unleaded gasoline was mandated nationwide.

Similarly, BS-2000 (Euro-I equivalent, BS-1) vehicle emission norms were introduced for new vehicles from April 2000. BS-II (Euro-II equivalent) emission norms for new cars were introduced in Delhi from 2000 and extended to the other metro cities in 2001.

Benzene limits have been reduced progressively from 5 per cent in 2000 to 1 per cent nationwide. Lead content in gasoline was removed in phases and only unleaded gasoline is being produced and sold from February 1, 2000.

The octane number of gasoline signifies the improved performance of the engine. Loss in octane number due to phasing out of lead was made up by installing new facilities in the refinery and changes in refinery operation. RON (Research Octane Number) of gasoline for BS-2000 spec was increased to 88. This has over time been increased to 91.

Singh said sulphur reduction will reduce Particulate Matter (PM) emissions even in the in-use older generation diesel vehicles.

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News Network
July 18,2020

Ayodhya, Jul 18: The Shri Ram Janmabhoomi Teertha Kshetra Trust has invited Prime Minister Narendra Modi to lay the foundation stone of a grand Ram Temple in Ayodhya either on August 3 or 5, both auspicious dates, said a spokesperson.

PM Modi had announced the formation of the Shri Ram Janmabhoomi Teertha Kshetra Trust on February 5.

Mahant Kamal Nayan Das, the spokesperson of Ram Mandir Trust president Nritya Gopal Das said, "We have suggested two auspicious dates -- August 3 and 5 -- for the prime minister's visit based on calculations of movements of stars and planets."

After a protracted legal tussle, the Supreme Court had on November 9 last year paved the way for the construction of a Ram Temple by a Trust at the disputed site in Ayodhya and directed the Centre to allot an alternative 5-acre plot to the Sunni Waqf Board for building a new mosque at a "prominent" place in the holy town in Uttar Pradesh.

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