Onion Prices Current Affairs - 2020

Bangladesh Allowed to Import Onions from India.

The Directorate General of Foreign Trade has lifted the ban on export of onions that were in transit to all the countries including the neighbor Bangladesh. This decision was taken in a  meeting between Ministry of External Affairs and Commerce. Background India recently had decided to ban the export of onions to other countries including Read More…

GoI allows Export of Onions

In September 2019, GoI had banned the export of onions in order to bring down its prices in the country. The prices of the key cooking ingredient had soared due to supply disruptions and floods in the major onion producing states Haryana and Maharashtra. Highlights Onion prices peaked in December 2019 as rains hit the Read More…

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 Read More…

FICCI study on Onion Price Rise: India should follow Israel, Brazil

India is witnessing price hikes in retail onion up to Rs 100 per kg currently in November 2019. Government had introduced the TOP-Tomato Onion Potato Scheme in 2018-19 Budget to address this problem. However, the scheme has not taken off well. The FICCI (Federation of Indian Chambers of Commerce and Industry) on Novmber 8, 2019, Read More…

Current Affairs Q+A: Onion Price Rise

Since May 2019, onion prices are constantly rising in India. The price has increased by Rs 20 – 25 per kg across the country in the last 6 months. Why are the Onion Prices rising? The price rise occurs usually in the months when the onion consumption goes down. It is usually in the month Read More…