Today : Wednesday - Sep 17, 2014, 11:04pm (GMT+5.5)
All News  
Top News
National News
International News
Business News
Sports News
   » Cricket
   » Football
Entertainment News
Sci - Tech
Politics News
Health & Fitness
Gulf News
::| Latest News
News in Pictures

Seemingly unfazed at being ousted from the Asian Athletics Association, scam-tainted Suresh Kalmadi on Monday said losing the presidential re-election bid to Qatar’s Dahlan Jumaan Al-Hamad has actually given him a chance to work at the “grassroots” level.
“I have no issues today and I congratulate Mr Al-Hamad for being elected as President. I am rather relieved that I will be able to work at the grassroots level in athletics,” Mr. Kalmadi said after losing the vote during the ongoing AAA Congress in Pune.

Top News

Onion prices jump back to Rs 80/kg; Nafed floats import tender

Wednesday - Aug 21, 2013, 05:53pm (GMT+5.5)
[+] Text [-]

Onion prices jump back to Rs 80/kg; Nafed floats import tender

New Delhi - Cooperative major Nafed on Wednesday floated a global tender for import of undisclosed quantity of onions from Pakistan, Iran, China and Egypt to boost domestic supply and curb prices, which have again risen back to Rs 70-80 per kg in most retail markets of the country.

Retail prices jumped back to Rs 70-80 per kg today, up by 10 per kg from yesterday's level. Wholesale prices too rose at the same pace to 45-55 per kg in the national capital and other states.

The wholesale price at Lasalgoan in Maharashtra -- Asia's largest onion market -- today rose slightly to Rs 41.25/kg.

"Nafed is interested to import onions from Pakistan, Iran, China and Egypt. Interested parties having experience in importing onions may specify the quantity that can be offered and rates on cost and freight per tonne along with final rate per tonne in INR for delivery," the cooperative said.

The last date for submitting the offer is August 27.

Global traders will have to import fresh onions grown in 2013 on behalf of NAFED and the shipment to Delhi should be effected in a week's time after confirmation, it said.

Imported onions from these countries should be of good quality and completely free from fungus infestation and attack by insects and moulds.

Nafed has sought phytosanitary and fumigation certificates issued by a Competent Authority of the exporting country certifying onions are fumigated with Methyl Bromide are free from smut, dry rot and maggot.

Onion prices have skyrocketed since last fortnight as the crop in Maharashtra, the largest growing state, is expected to be lower due to drought in some parts. Besides, supplies from other growing states like Rajasthan, Madhya Pradesh, Andhra Pradesh and Tamil Nadu are not coming as rains have affected transportation and logistics.

To control rising prices, the government had imposed a minimum export price (MEP) of USD 650 per tonne and had directed cooperative major Nafed to import onions.

Onion prices are likely to be under pressure till October when the new crop is expected to hit the market.

According to the Nashik-based National Horticultural Research and Development Foundation (NHRDF), the area under onion crop is down by 10 per cent from 10.87 lakh hectares this year.


Rating (Votes: )   

blog comments powered by Disqus

Related Articles:
» Kudankulam N-plant to reconnect to the grid Oct 26
» Rupee unchanged at 61.46
» Kerala Tourism takes Twitter route for campaign
» Onion prices to come down in next 10 days: Thomas
» Ratan Tata meets Sharma post FIPB nod for airline venture
» Mamata government selling onions at Rs.36 per kg
» Gold prices gaining by Rs 480 to Rs 32,410 per ten gram
» Mukesh Ambani remains richest Indian with assets of $18.9 billion
» Top 100 rich Indians' net worth rises to $250 billion
» Bharti Airtel board approves subsidiary merger
» Emirates expects to fly 70 mn passengers in 2020
» Japan's Olympus scales down India business projection
» Tewari pulls up Ludhiana officials over MGNREGA funds
» India-France trade can aid inclusive growth: Jaipal Reddy
» China to set up power equipment service centres in India
» Reduced arrival of onions behind price hike: Dikshit
» Shanta Kumar slams delay in export ban on onions
» Sri Lanka records strong tourist, remittance earnings
» Cochin airport investors set to reap profits
» Etihad Airways to double Colombo flights
» Jet Airways standalone losses jump eight-fold to Rs. 891 crore
» RBI receives $10.1 billion under forex swap window
» SBI to get Rs 2000 cr as part of Rs 14K cr banks fund infusion
» Mobile economy to add $400 billion to India GDP: GSMA
» Volvo launches next generation S60 and XC60

Other Articles:
SC declines order on plea for stay on calling Anil Ambani as 2G witness (21st Aug, 2013)
Children among 650 dead in Damascus chemical weapon attack (21st Aug, 2013)
Chinese troops intrude into Arunachal, stay for over two days (21st Aug, 2013)
Sharif urges Pak military, diplomats to tone down rhetoric against India (21st Aug, 2013)
UN investigator claims Pak Army chief Kayani doubted Taliban role in Bhutto's assassination (21st Aug, 2013)
India’s poor will not remain hungry: Sonia Gandhi (21st Aug, 2013)
Radia tape: Ratan Tata appears in SC (21st Aug, 2013)
Bandh in Pune over anti-superstition activist Narendra Dabholkar's murder (21st Aug, 2013)
Did not seek US help in tackling Chinese incursions: India (21st Aug, 2013)
Egypt questions Brotherhood's top leader in prison (21st Aug, 2013)
Parliament disrupted over missing files on coalgate (20th Aug, 2013)
Seven dead, thousands displaced in Manila floods (20th Aug, 2013)
Court raises possibility of a free Mubarak (20th Aug, 2013)
Musharraf indicted in Benazir murder case (20th Aug, 2013)
South African runner Oscar Pistorius indicted on charge of premeditated murder (19th Aug, 2013)
India's steps to rescue troubled rupee (19th Aug, 2013)
GSLV launch 'delayed' due to leak (19th Aug, 2013)
How Bihar train tragedy happened (19th Aug, 2013)
Saharsa-Patna Rajrani Express runs over at least 35 persons in Bihar. (19th Aug, 2013)
IAS officer Durga Shakti Nagpal yet to hear from UP govt (19th Aug, 2013)
Saharsa-Patna Rajrani Express runs over at least 20 persons in Bihar (19th Aug, 2013)
Philippine ship collision: Toll rises to 54 (19th Aug, 2013)
Abdul Tunda confessed to interrogators that Dawood Ibrahim operating fake currency network with Pak Inter-Services Intelligence (ISI). (19th Aug, 2013)
Digvijay Singh hits out at Gujarat chief minister Narendra Modi, calls him fascist (19th Aug, 2013)
Case against Anna Hazare for showing 'disrespect' to National Flag (17th Aug, 2013)

Contact Us | Advertise with Us | Privacy Policy | Disclaimer | Terms of Use