Wait...

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

To keep prices in check, govt may procure 50% more onions in FY22: Report.


Date: 12-01-2021
Subject: To keep prices in check, govt may procure 50% more onions in FY22: Report
The government might procure 50 percent more onions from farmers in 2021-22 to check the spike in prices, which can rise to Rs 100 per kg during the festival season.

The government wants to create a buffer stock of 150,000 tonnes of the kitchen staple, The Economic Times reported.

From April, the government will start procuring onions through the National Agricultural Cooperative Marketing Federation of India (Nafed), the report said.

"Onion harvest hits markets twice, once in April and then in November. There is generally a short supply of onions in the markets from August to November, when prices spike. There is a need for more buffer quantity to contain price hike," a food ministry official told the paper.

"The shelf-life of winter onions is more than the summer crop, which is harvested in November. So, we buy during April-July," the official said.

Moneycontrol could not independently verify the story.

In FY21, the government had doubled the stock size to 100,000 tonnes but was unable to keep a check on prices, The Economic Times reported.

Onion prices saw a massive spike in October 2020, reaching as high as Rs 100 for a kg in some markets after damage to the crop hurt supply.

The Centre lifted a ban on onion exports with effect from January 1, 2021. The ban was imposed for more than three months to ensure adequate stock for the domestic market.

Source:-moneycontrol.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 12-01-2021
Notification No. 02/2021 - Central Tax
Seeks to make amendment (2021) to CGST Rules, 2017.

Date: 11-01-2021
Trade Notice No. 37/2020-2021
Electronic Issuance of Preferential Certificate of Origin (CoO) for India’s Exports to UK under Generalised Scheme of Preferences (GSP)

Date: 08-01-2021
Public Notice No. 37/2015-2020-DGFT
Enlistment under Appendix 2E of M/s The All India Plastics Manufacturers’ Association (North Zone), Gurugram, Haryana - Authorized to issue Certificate of Origin (Non-Preferential) – reg.

Date: 07-01-2021
Notification No. 55/2015-2020-DGFT
Amendment in import policy and condition of items classified under Chapter 41 & 43 of ITC (HS), 2017, Schedule – I (Import Policy).

Date: 07-01-2021
Notification No.03/2021 - Customs (N.T.)
Exchange rate Notification No.03/2021-Cus (NT) dated 7.1.2021

Date: 06-01-2021
Notification No. 03/2021-Customs (N.T./CAA/DRI)
Appointment of CAA by Pr. DGRI

Date: 06-01-2021
Notification No. 1/2021 -Customs (ADD)
Seeks to further amend notification No. 2/2016-Customs (ADD) dated 28th Jan, 2016 to extend the levy of Anti-Dumping duty on Melamine originating in or exported from China PR, up to and inclusive of 28th Feb, 2021.

Date: 04-01-2021
Trade Notice No. 36/2020-21
Cyber fraud complaints from Indian Exporters - Trade Advisory reg

Date: 04-01-2021
Notification No. 02/2021-Customs (N.T./CAA/DRI)
Appointment of CAA by Pr. DGRI

Date: 04-01-2021
Notification No. 02/2021-Customs (N.T.)
To rescind the Customs (Advance Rulings) Rules 2002



Exim Guru Copyright © 1999-2021 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001