The price of a non-vegetarian thali was even sharpers on decline in the prices of tomatoes and the broiler following bird flu fear
The subsidised onion sale, initially rolled out in Delhi and Mumbai, has now been expanded to other cities, including Chennai, Kolkata, Patna, Ranchi, Bhubaneswar, and Guwahati
The cost of vegetarian thali was up 11 percent in July, while a non-vegetarian thali cost 6 percent compared with the previous month
Nutritional value of onions: Onions are key in many cuisines and traditional medicines. They help keep skin and hair healthy, and can prevent kidney stones and cataracts. Discover the numerous health benefits of onions.
Even as some see retail inflation moderating in June, a spike in the cost of tomatoes and onion and its impact on the food index could dampen the exuberance of any fall in the headline figure.
However, a decline in the broiler price contributed to a decrease in the cost of a non-vegetarian meal, as per Crisil Market Intelligence and Analysis' monthly "Roti Rice Rate" report.
These exports provided relief to farmers after curbs were imposed to keep domestic supplies steady ahead of general elections.
A long term solution to manage onion prices is to reform the APMC and fix the farmer-to-consumer channel
Currently, the export of onion is banned. However, the government allows shipments to India's friendly nations. It has permitted a specified quantity of onion exports to UAE and Bangladesh.
In an unexpected step ahead of a general election, India has extended its export restriction on onions indefinitely, which is expected to worsen the high costs in certain foreign markets.
While export of 50,000 tonnes of onion is permitted to Bangladesh, shipments of 14,400 tonnes were allowed to the UAE.
Since India's ban, onion prices have nearly doubled in Sri Lanka, which is slowly emerging from its worst financial crisis in nearly seven decades.
Onion prices could fall to Rs 20 a kilogram by March, Consumer Affairs Secretary Rohit Singh has told Moneycontrol.
The retail prices of key agricultural produce such as rice, wheat, onion, and sugar have been on an upswing in the last six months. Notwithstanding the government’s efforts, Crisil expects prices to remain elevated due to supply-side issues.
The centre will be releasing one lakh tonnes of onions from its buffer stock in retail markets through the month of November to keep a lid on prices of this kitchen essential in the festive season.
However, retail onion prices in the national capital remained elevated at Rs 78 per kg, data from the Department of Consumer Affairs showed on November 1, up from around Rs 40 per kg a fortnight ago.
The stocks are now to strengthen further, with the government deciding to build up their buffer to 7 lakh tonnes as it aims to keep onion prices under control.
The recent strike by onion traders in Nashik against the government's export duty hike is just another instance of the key vegetable grabbing headlines
On Monday, 18,072 quintals of onions were auctioned at Lasalgaon APMC at the average rate of Rs 2,051 per quintal.
Speaking at an event in Purandar tehsil of Pune district, the former Union agriculture minister said it was the government's responsibility to ensure a fair price for onons.
The CM's statement comes amid protests by farmers and traders against the August 19 decision of the Centre to impose 40 per cent export duty on onions.
The government has introduced price control measures to bring inflation down, farmers are up-in-arms against these measures because they say such measures distort markets. Watch Moneycontrol's Shweta Punj in conversation with Indra Shekhar Singh, Former Director, National Seed Association of India to know more.
Carrying onion garlands, Congress state president Nana Patole along with agitating farmers and many Congress leaders held a rasta roko'.
Onion prices have been on a rise with prices rising from Rs 30 a kg to Rs 40 a kg now. Experts have given the trajectory for the commodity to increase significantly to Rs 60-70 per kg in the retail market starting early September on a likely shortfall in supplies.
In volume terms, the volume of onions exported from India was 89 percent higher in June and 30 percent higher in April-June compared to the same period last year.