After two months of meteoric rise, groundnut import orders from China have come to a standstill due to the coronavirus outbreak there, reports Business Standard. Data compiled by the Agricultural & Processed Food Products Export Development Authority (APEDA) showed India’s groundnut exports jumped by a staggering 27 per cent to 454,373 tonnes for the period between April and December 2019 as […]
MahaFPC, a sub-agent for NAFED has started purchasing tur (arhar) at minimum support price (MSP) from farmers in Maharashtra. Yogesh Thorat, MD, MahaFPC, said to Financial Express that the agency has purchased around 7,000 quintal out of the target of 65,000 to 70,000 tonnes set by the the federation. Tur, which is harvested in December-January, […]
The Centre may soon offload imported onions at a highly subsidised rate of Rs 22-23/kg, down around 60 per cent from the current offered rate, as it apprehends rotting of the perishable kitchen item at ports. The central government is currently offering imported onions to state governments at an average landed cost of Rs 58/kg […]
MahaFPC, the apex body of farmer producer companies in Maharashtra is taking its JV with Nafed — MahaOnion to the next level. The federation has signed tripartite agreements with 16 farmer producer companies in the state and Nafed to develop a value chain for onion procurement, storage and disposal. MahaFPC managing director Yogesh Thorat said […]
India’s state trading arm, MMTC has further contracted 4,000 tonnes of Onions from Turkey which is expected to arrive by mid-January, 2020. This 4,000 tonnes is in addition to the 17,090 tonnes of onions already contracted which includes 6090 tonnes arriving from Egypt and 11,000 tonnes from Turkey. The Department of Consumer Affairs has also […]
Public sector trading firm MMTC, which has been tasked to import onion on behalf of the Centre to cool prices, has contracted to import 6,090 tonnes from Egypt, and the edible bulb will be supplied to states in a price range of Rs 52-60 per kg. Last week, the Union Cabinet decided to import 1.2 […]
NAFED has issued an international tender to purchase and import up to 100,000 tonnes of corn (maize), European traders revealed to Reuters. The corn should be sourced from Ukraine, they said. The tender closes on December 3 with offers having to remain valid up to December 24. NAFED, the National Agricultural Cooperative Marketing Federation of […]
The Department of Consumer Affairs (DoCA) through an inter-ministerial committee has again reviewed the prices and availability of onions. During the meeting it was informed by officials that supply disruptions are mainly due to rain and two cyclones and it is expected to improve in the coming days. With supplies running short and onion prices […]
In view of sustained high price of onions in the market, Central Government has imposed stock limits on onion traders to facilitate release of stocks in the market and prevention of hoarding by traders. Further, the government of India has banned export of onions with immediate effect till further orders for improving domestic availability. Recently, […]
As onion prices witnessed a sudden spurt over the past week, the government has threatened to re-impose the minimum export price (MEP) on the commodity to improve domestic supply if traders try to hoard the edible bulbs to exploit the situation. Apprehending a potential fallout of the price rise of the politically-sensitive commodity, the government […]
