[Goanet] The great onion robbery: 135% mark-up from mandi to retail (ToI)

[rajendra kakodkar]

 
Read: 
http://timesofindia.indiatimes.com/india/The-great-onion-robbery-135-mark-up-from-mandi-to-retail/articleshow/7147837.cms
 
Speculative traders are making super-profits by fixing prices in the onion 
trade while the government is playing around with ad hoc fixes. On Tuesday 
alone, wholesale traders in Delhi bought onions at about Rs 34 per kg while it 
was sold in retail at Rs 80 per kg. That's a margin of Rs 46 per kg or 135%.
 

Exports are definitely restricting domestic supply. India's exports have 
increased from about 7.8 lakh metric tonnes in 2005-06 to over 18.7 lakh MT in 
2009-10. Onion production has also increased, but at a slower rate, from 86 
lakh MT in 2005-06 to over 121 lakh MT in 2009-10.
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