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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.
It’s a complete 180 from the Southeast Asian nation’s problems a year ago—when dwindling supply was causing prices to become more expensive than beef. In the Philippines, Onions Are Now Too ...
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, Siegel 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]
In the United States in 1956, commodities traders Sam Siegel and Vincent Kosuga bought up large quantities of onions and then flooded the market as part of a scheme to make money on a short position in onion futures. [34] This sent the price of a 50-pound bag of onions down to only 10 cents, less than the value of the empty bag.
Onions are considered an important ingredient of most Indian cooking, providing the pungent foundation for curries and other dishes. Onion prices have been an important political issue: they were regarded as the decisive factor in the 1998 state elections in Delhi and Rajasthan, and were responsible for bringing down the central government in 1980. [2]
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An alleged Chinese spy who forged a close relationship with Prince Andrew has been identified by a British court, the latest twist in a case that has shone a light on Beijing’s influence inside ...