Monday, 17 January, 2022
TopicNAFED

Topic: NAFED

Why you may not shed tears over onion prices this year

As of 31 July, agencies have procured over 1.8 LMT of onions — 90% of the aimed buffer stock. This will help price stabilising market interventions should they be needed.

Modi govt imposes stock limit on pulses to rein in surging prices

Prices of pulses have seen sustained inflation this year, hovering above the Rs 100/kg in the retail market. Govt move comes ahead of gradual unlocking, with the festival season just weeks away. 

Onion prices could touch Rs 100/kg by Oct as heavy rain damaged early-kharif crop, rabi stock

Over the last two weeks, wholesale and retail prices have more than doubled in several markets across India, including the largest wholesale onion market in Nashik.

Onion prices could spike again in Sept-Dec as govt’s short of buffer stock procurement target

The government had nearly doubled its buffer stock target to 1 lakh metric tonnes after last year’s price rise, but so far, it has only procured 45,000 MT.

Poor storage, panic imports, govt failures led to 2019 onion crisis. It could happen again

Excess monsoon destroyed the kharif onion crop, but there was much administrative failure that led to the prices crossing Rs 150 per kg.

Can India handle frequent onion crisis without fixing its distortionary farm economics?

Onion prices have surged across India again, ranging from Rs 90 per kilo to Rs 200 per kilo.

NAFED wasted over 30,000 MT onions, more than half of its buffer stock, amid soaring prices

NAFED stored its buffer stock of 57,372 MT onions using traditional methods as opposed to cold storage. Over half of it got destroyed due to moisture & rain.

Apple trade from Kashmir sees a 44% dip in October-end, militant attacks blamed

On average each day in October, only 3,200 metric tonnes of apples came from Kashmir to Azadpur Mandi compared to 18,250 metric tonnes in the same period last year.

Govt considers stock limit option to cut onion prices but Maharashtra polls an obstacle

Minister Ram Vilas Paswan says govt reluctant to impose stock limit as it could severely hit income of farmers in Maharashtra by bringing down prices.

On Camera

YourTurn

RBI proposes changes to valuation of bank investments, relaxing of investment class rules

A Reserve Bank of India discussion paper Friday suggested removing caps on the Held-To-Maturity class of securities, and allowing more types of instruments to be held within them.

Defence

A visual from the crash site in Tamil Nadu. | Photo: Twitter/ANI

CDS chopper crash was caused by weather change, leading to Controlled Flight Into Terrain: IAF

In Friday statement, IAF says tri-service Court of Inquiry ruled out mechanical failure, sabotage or negligence as cause of accident involving Mi-17 V5 helicopter last month.
Illustration by Soham Sen | ThePrint

Read my lips, I’m hurting, says Pakistan’s National Security Policy. What it means for India

The new policy is mostly chaff, but it reveals the most inward-looking Pakistan in 3 decades. It needs breathing space, and is realising loss of stature and friendship with US.
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