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Lasalgaon is a prominent hub for onion cultivation and thus the onion's name is derived from this town, with 99% of its agricultural area dedicated to this crop, engaging over 1,000 farmers. The region's onion market is equally impressive, handling approximately 2.5 lakh tonnes of onions annually.
Lasalgaon has a prominent onion market. Coordinates: 20° 8'27.74"N, 74°13'24.44"E. The onions from Lasalgaon Market are transported to many places in India and exported to many countries in the world [citation needed]. The Bhabha Atomic Research Centre (BARC) processes onions to keep them fresh for a long time. [3]
Along with garlic, onion is a staple in Filipino cuisine, being used as a base in many dishes. [5] It is a seasonal crop, growing between the rainy months of September and December. Meanwhile, its harvest season begins as early as December and ends in June. [6] The Philippines consumes an average of 17,000 metric tons of onion per month. [7]
The Onion Futures Act is a United States law banning the trading of futures contracts on onions as well as "motion picture box office receipts". [1] In 1955, two onion traders, Sam Siegel and Vincent Kosuga, cornered the onion futures market on the Chicago Mercantile Exchange. The resulting regulatory actions led to the passing of the act on ...
In December, when fresh crop usually begins to arrive, onion shipments were reduced from 2000 to 3000 tons a day to 700-800 tons a day in New Delhi markets, [5] raising the price of onion from ₹ 35 (42¢ US) to ₹ 88 (US$1.10) per kg in the period of one week. [6] The price on some online portals was significantly lower, about 30-40/kg.
The new shipments of onions caused many futures traders to think that there was an excess of onions and further drove down onion prices in Chicago. By the end of the onion season in March 1956, Seigel and Kosuga had flooded the markets with their onions and driven the price of 50 pounds (23 kg) of onions down to 10 cents a bag. [6]
The CME FedWatch Tool, which measures market expectations for Fed fund rate changes, projects a 75% chance the Fed will cut rates to a range of 5.00% to 5.25%, with a 25% chance that the Fed will ...
Foundation stone of an APMC laid down in 1965 by K. S. Puttaswamy, erstwhile Minister of Mysore State. An Agricultural Produce Market Committee (APMC) is a marketing board established by state governments in India to ensure farmers are safeguarded from exploitation by large retailers, as well as ensuring the farm to retail price spread does not reach excessively high levels.