Onion prices rise up after Centre open doors for export
Radheshyam Jadhav
Pune December 29 |
Updated on
December 29, 2020
Prices went up by about ₹400 per quintal in Asia’s biggest onion market, Lasalgaon The onion prices in Lasalgaon, Asia’s biggest onion market went up by about ₹400 per quintal with a modal rate of the bulb crop touching ₹2,200 per quintal compared to ₹1,200 – ₹1,800 in the past few months. However, the rates would not go up substantially as the flow of onion in the market is rising.
“The market rates were on a decline since the government prohibited onion exports in September. However, with the decision to allow exports, the market prices have gone up on Monday. The rates will not further go up as late kharif crop is coming to the market in the big number,” said Bharat Dighole, president, Maharashtra state onion growers’ association. He added that kharif onion was largely destroyed by unseasonal showers which resulted in rising onion
Agri Picks Report: Geojit
According to Geojit, For the second time in less than a week, the Centre has invited farmer leaders for a fresh round of talks to end the deadlock over three recent agricultural laws. December 29, 2020 / 12:12 PM IST
Geojit s report on Agri Picks
For the second time in less than a week, the Centre has invited farmer leaders for a fresh round of talks to end the deadlock over three recent agricultural laws. It has proposed to hold the discussions at 1400 IST on Wednesday at Vigyan Bhawan in New Delhi. The sugar export subsidy of 35 bln rupees for 2020-21 (Oct-Sep), stable domestic demand, higher cane diversion towards ethanol and its higher prices will increase the operating margin of sugar mills by 100-200 basis points in 2020-21 (Apr-Mar), CRISIL said in a report. India s non-basmati rice exports during Apr-Nov were at around 7.0 mln tn, up 123% from the year-ago period, according to data from Agricultural and Processed Food Products Export Developme
Non-Basmati rice exports up 123%
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Synopsis
India exported 7.02 MT of non-basmati rice in the first eight months of this financial year, up from 3.15 MT a year ago, earning Rs 19,780 crore against Rs 9,066 crore in the year-ago period, as per Agricultural and Processed Food Products Export Development Authority (APEDA).
Agencies
NEW DELHI: Non-basmati rice exports increased by 123% year-on-year in April-November industry bodies said.
Exporters are bullish about the next quarter as trade enquiries from Africa Middle East and South East Asian countries are pouring and companies have a strong order book.
India exported 7.02 MT of non-basmati rice in the first eight months of this financial year, up from 3.15 MT a year ago, earning Rs 19,780 crore against Rs 9,066 crore in the year-ago period, as per Agricultural and Processed Food Products Export Development Authority (APEDA).
The Agricultural and Processed Food Products Export Development Authority (APEDA), in association with Indian Embassy in Thailand, organized a virtual Buyer Seller Meet on 21st December 2020.…
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