Onion Current Affairs - 2020

Market Intelligence and Early Warning Systems to monitor prices of Onion, Tomato and Potato

On February 26, 2020, the Minister of Food Processing Industry launched Market Intelligence and Early Warning System (MIEWS) Web Portal in New Delhi. The MIEWS is first of its kind.

Highlights

The main function of MIEWS is to monitor prices of onion, tomato and potato (TOP crops). It will also generate alerts under the terms of Operations Green Scheme. The portal will also provide information related to prices, yield and production, arrivals, crop agronomy, imports and exports, etc.

Operation Green Scheme

Under Operation Green Scheme, the surplus production from producing areas are taken to consumption centres. In order to achieve this, the scheme provides guidelines under which the surplus production are allowed to be taken to markets. They are as follows

  • If the prices of the vegetables are less than the average market prices of preceding 3 years
  • If the prices are more than 50% of the previous year market price
  • IF the prices are less than the bench mark fixed by the State or Central Government.

Horticulture Production in India

The Ministry of Agriculture & Farmers Welfare has released the final estimates for 2017-18 and the first estimates for 2018-19 of area and production of horticulture crops.

Findings from the Estimates

The important findings from the estimates are:

  • India’s horticulture production is estimated to rise by 1 per cent to record 314.67 million tonnes in 2018-19 on the higher area.
  • The final estimates of the 2017-18, horticulture production stood at record 311.7 MT, which is 3.7 per cent higher than the previous year and 10 per cent higher than the past five years.
  • The estimates put forward that area under coverage increased to 25.87 million hectares from 25.43 million hectares.
  • The Production of Onion in 2018-19 is likely to be around 23.62 million tonnes (MT) as against 23.26 MT in 2017-18.
  • The Production of Potato in 2018-19 is likely to be around 52.58 MT as against 51.31 MT in 2017-18.
  • The Production of Tomato in 2018-19 is likely to be around 20.51 MT as against 19.76 MT in 2017-18.
  • The production of fruits is estimated to be at 97.35 MT and that of vegetables at about 187.5 MT.

The estimates are based on the information received from different states and Union territories.