Moneylife » Commodity trends
Poor rains in major onion growing regions of north Maharashtra and delay in kharif sowing has resulted in higher retail prices. Reports from Maharashtra and Gujarat indicate that kharif sowing has been delayed by a month and the new onion is expected to arrive by October (instead of September); prices are expected to remain high until then. The wholesale price of onion at Nashik has increased to Rs900/quintal from Rs750/quintal in just two months. During the same period, the retail onion prices across all major cities have increased.
India’s coffee exports rose sharply by 38% to 145,505 tonnes until July of the current fiscal due to strong global demand and high international prices, according to the Coffee Board of India. India had shipped 105,345 tonnes during April-July in FY10-11. In value terms, they have increased to Rs1,977 crore, against Rs1,031 crore during the year-ago period. Domestic exporters have been able to fulfil the global orders because of higher domestic production which stood at 302,000 tonnes in...
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