Rising Onion Prices Makes India Cry Into Tears, Pakistan Benefits - Bans Onion Export from India
Posted: Tuesday, December 21, 2010
by Dakhsh Jain
Winfromus.com
Rising onion prices has brought down tears in most of the Indian eyes. Now before buying Onions from the market (sabzi-mandi) people are thinking twice, in fact some of the small time restaurants are using "cabbage" as a substitute to Onion.
Onion being one of the most used commodity/vegetable, its something which is found in every house and is being bought by the majority as onion is such a vegetable which is used in cooking most of the dishes and salads Nationally.
Prices have shot up from Rs 11/kg in June 2010 to Rs 60-80/kg in December 2010. They rose the most in the past 20-25 days. The price rise is due to unusual heavy rainfalls in the top most onion growing areas which has disrupted the supply-demand ratio.
Skyrocketing Prices Forced Government To Intervene and Control Prices
The Onion Price rise issue has forced the Prime Minister of India to write a letter to the Agriculture Minister, Sharad Pawar and asked his ministry to control down the price of onion in India.
As a result of which, Onion export has been banned till January 15th, 2011. Now India cannot export till the Government lifts the ban. The ban in exporting Onions made wholesale market price of onions to correct as much as 30% today, but it may take a day or two for the retail prices to come down providing a relief to you and me.
Onion being imported from Pakistan at Loss
When India is going through the Onion crisis, our neighbor countries like Pakistan is benefit from the windfall. Earlier this year in June, India were exporting onion to Pakistan at a rate of Rs 16-18/kg. But for the first time on the back of crisis in India, onion is being imported from Pakistan.
Now Pakistan is exporting onion to India at whopping Rs 40/kg. Sources tells that at least 100 Metric Tons have been imported from Pakistan till now and more import is likely in the coming day given the crisis if continues.
We certainly hope that the Onion Prices in India goes down and Black Market traders are punished and brought to books accordingly. Share your point of view.
Happy Eating!
Onion being one of the most used commodity/vegetable, its something which is found in every house and is being bought by the majority as onion is such a vegetable which is used in cooking most of the dishes and salads Nationally.
Skyrocketing Prices Forced Government To Intervene and Control Prices
The Onion Price rise issue has forced the Prime Minister of India to write a letter to the Agriculture Minister, Sharad Pawar and asked his ministry to control down the price of onion in India.
As a result of which, Onion export has been banned till January 15th, 2011. Now India cannot export till the Government lifts the ban. The ban in exporting Onions made wholesale market price of onions to correct as much as 30% today, but it may take a day or two for the retail prices to come down providing a relief to you and me.
Onion being imported from Pakistan at Loss
When India is going through the Onion crisis, our neighbor countries like Pakistan is benefit from the windfall. Earlier this year in June, India were exporting onion to Pakistan at a rate of Rs 16-18/kg. But for the first time on the back of crisis in India, onion is being imported from Pakistan.
Now Pakistan is exporting onion to India at whopping Rs 40/kg. Sources tells that at least 100 Metric Tons have been imported from Pakistan till now and more import is likely in the coming day given the crisis if continues.
We certainly hope that the Onion Prices in India goes down and Black Market traders are punished and brought to books accordingly. Share your point of view.
Happy Eating!
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Top-level comments on this article: (1 total)very bad for the people
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