Onion price soars to Rs 80/kg despite normal supply

August 14, 2013

Onion_priceNew Delhi, Aug 14: Much to the discomfort of consumers, onion prices today touched Rs 80 per kg in most retail markets in the national capital despite normal supply in the wholesale markets.

Wholesale price of onion have increased by Rs five to Rs 50-55 per kg in Azadpur mandi, according to the Onion Merchant Traders Association.

Onion supply to the city, which comes from Maharashtra, Rajasthan and Madhya Pradesh, is normal at 12,000 quintals in Azadpur, Asia's largest wholesale market, it added.

At Mother Dairy outlets, onions are being sold at Rs 55-60 per kg, while local vendors are selling it at 70-80 per kg depending upon the quality and location.

Onion Merchant Traders Association President Surendra Budhiraj attributed the rise in wholesale price of onion in Delhi to increase in prices of the bulb crop in Maharashtra, the country's largest onion producing state.

At Lasalgaon in Nashik, prices rose slightly to Rs 46 per kg today from Rs 45 a kg even as supplies remained normal, National Horticultural Research and Development Foundation (NHRDF) Director R P Gupta said.

Prices are expected to cool down in the first week of September once supplies from onion Andhra Pradesh and Karnataka increases, he added.

India has exported 6.39 lakh tonnes during April-July period of this fiscal compared with 6.94 lakh tonnes in the year-ago period. Production stood at 16.6 million tonnes in 2012-13.

At the Kolkata market, onion prices jumped to Rs 70 a kg for the best quality in retail markets, keeping pace with the national trend.

The official wholesale price of onions in markets in the metropolis has crossed Rs 2000 per bag (40 kg) or Rs 50 a kg and as a result the retail price of the best quality of the vegetable is hovering at Rs 65-70 a kg, traders said.

"The wholesale onion price which was Rs 15 a kg during the same time last year has spurted unexpectedly to Rs 50 a kg this year," trader and adviser to state agri-marketing department Shibu Malakar said.

"Based on the current trend, prices will remain firm unless there is a ban on onion export," he said.

Rain and production shortfall has been blamed for rise in price of onion. West Bengal is a key consumer of onion.

Traders said wholesale supply to the market in the city shrank by 50 per cent from states which supplied it.

Malakar said there was little the state government could do on the price unless it decided to sell directly to consumers at a subsidised price.

Consumers will have to bear till September end when the Kharif onion would hit the market.

He also said there was no major report of hoarding of the perishable commodity so far.

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News Network
June 19,2020

Jun 19: Ten Indian Army soldiers including four officers were released by the China’s People’s Liberation Army (PLA) on Friday capping three days of hard negotiations that followed the bloody battle at the eastern Ladakh’s Galwan valley on Monday.

The 10 jawans returned around 5.30 PM on Friday to Patrol Point 14 (PP-14) after Indian team leader Major Gen. Abhijit Bapat, the commanding officer of the Third Div made it clear to the Chinese that there couldn’t be any progress in the disengagement talks unless the soldiers were returned safely.

Asked to comment on the release of Indian soldiers, the Indian Army maintained silence. The force released a brief statement on Thursday stating that all its men were accounted for.

However, the extent of the brutal clash can be gauged from the fact that 76 Indian Army soldiers are still in the hospital out of which 58 soldiers have “minor injuries” and “should be back on duty within a week”, according to Army sources.

Return of the Indian soldiers has been the main point of negotiations for the last two days. The situation is now calmer at areas near PP-14 in the Galwan valley after the return of Indian soldiers even though large numbers of troops from both sides are still present in the area.

Meanwhile analysis of satellite images has revealed a large presence of Chinese troops in the northern banks of Pangong Tso, a disputed territory for years.

“In the past month, Chinese forces have become an overwhelming majority in the disputed areas (on the north bank of the 135 km long lake). Significant positions have been constructed between Fingers 4 and 5, including around 500 structures, fortified trenches and a new boat shed over 20 km further forward than previously. More structures appear to be under construction,” says a report published in the Strategist, the journal of the Australian Strategic Policy Institute.

“The scale and provocative nature of these new Chinese outposts is hard to overstate: 53 different forward positions have been built, including 19 that sit exactly on the ridge line separating Indian and Chinese patrols,” says the report, accompanied by satellite images showing overwhelming PLA presence.

The June 6 Corps Commander level meeting between the Indian and PLA armies did not result in a solution to the contentious muscle flexing by the Chinese on the shores of the Pangong lake. The meeting ended with the conclusion that more Lt Gen level talks between the two armies were needed to resolve such issues.

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News Network
June 19,2020

New Delhi, Jun 19: Petrol price on Friday was hiked by 56 paise per litre and diesel by 63 paise a litre, taking the cumulative increase in rates to Rs 7.11 and Rs 7.67 per litre respectively in less than two weeks.

Petrol price in Delhi was hiked to Rs 78.37 per litre from Rs 77.81, while diesel rates were increased to Rs 77.06 a litre from Rs 76.43, according to a price notification of state oil marketing companies.

Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT.

This is the 13th daily increase in rates in a row since oil companies on June 7 restarted revising prices in line with costs, after ending an 82-day hiatus in rate revision.

In 13 hikes, petrol price has gone up by Rs 7.11 per litre and diesel by Rs 7.67 a litre.

The freeze in rates was imposed in mid-March soon after the government hiked excise duty on petrol and diesel to shore up additional finances.

Oil PSUs Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) instead of passing on the excise duty hikes to customers adjusted them against the fall in the retail rates that was warranted because of fall in international oil prices to two decade low.

International oil prices have since rebounded and oil firms are now adjusting retail rates in line with them.

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News Network
June 10,2020

Chennai, Jun 10: DMK MLA J Anbazhagan who had tested positive for coronavirus and was on ventilator support from June 3 passed away at a hospital in Chennai on Wednesday.

Coincidently, today is the 62nd birthday of the MLA.

"Anbazhagan J, who has been fighting for his life with severe COVID 19 pneumonia rapidly deteriorated early this morning. In spite of full medical support including mechanical ventilation at our COVID facility, he succumbed to his illness. He was declared dead at 08:05 hours on the 10th of June 2020," the hospital said in a statement.

In 2001, Anbazhagan was elected from T Nagar Assembly constituency. He served for five years.

Later in 2011, he was elected to Tamil Nadu Assembly from Chepauk-Thiruvallikeni seat. The DMK leader was re-elected from the same constituency in 2016.

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