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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.
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.
Operation Greens is a project approved by the Ministry of Food Processing Industries with the target to stabilise the supply of tomato, onion and potato crops (TOP crops) in India, as well as to ensure their availability around the country, year-round without price volatility.
Based on the components of the spot price index, NCDEX also displays the national index futures- essentially, the no-arbitrage price if one were to buy futures on the spot index. This price is derived by tracking the futures prices of the index components at the same weightage as the spot index. Currently, index futures are not allowed in India ...
The wholesale price index ... in India about 435 items were used for calculating the WPI in base year 1993-94 while the advanced base year 2011-12 uses 697 items. [1]
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]
The National Agricultural Cooperative Marketing Federation of India (NAFED) is an organization of marketing cooperatives for agricultural produce in India. [1] It was founded on the birthday of Mahatma Gandhi on 2 October 1958 to promote the trade of agricultural produce and forest resources across the nation. [ 2 ]
The Producer Price Index hasn't been in use in India yet, but Niti Aayog has created a roadmap to introduce it soon. The Wholesale Price Index is the index used to measure the changes in the average price level of goods traded in wholesale market. A total of 697 commodity prices make up the index. It is available on a weekly basis for three ...