Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: cpt :: empanelment :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: TDS :: VAT Audit :: list of goods taxed at 4% :: form 3cd :: VAT RATES :: ACCOUNTING STANDARDS
 
 
« General »
 Supreme Court agrees to hear plea on imposition of service tax on lawyers
 India's tax department signs 3 advance pricing agreements
 Income Tax Dept to probe deeper into suspicious bank accounts
 Modi may lower taxes to spur demand in his budget sops
 Tax breather for foreign investors: All you need to know
 What the increase in tax collections does not tell us about Indian economy post demonetisation
 India’s crazy retrospective tax on foreign funds will tarnish country’s reputation
 How tax related, PAN grievances can be resolved through E-Nivaran
 Tackling income tax exemptions for equities and agriculture
 Amfi wants tax benefits for retirement plans
 Top five factors which could chart market direction in the coming week

Onion production likely to dip 12% this year
January, 03rd 2011

The countrys onion output is likely to dip by over 12% to 10.5 million tonnes in the 2010-11 crop year due to untimely and erratic rains last year, a top official said. India produced 12 million tonnes of onions in the 2009-10 crop year. Onions are grown in three seasons kharif (summer), late kharif and rabi (winter).

We expect onion output to decline by 1.5 million tonnes to 10.5 million tonnes as there has been a significant crop loss of about 35% in the kharif season due to untimely rains, the Nashik-based National Horticulture Research and Development Foundations ( NHRDF )) additional director, Satish Bhonde said. Unseasonal rains in Maharashtra and Karnataka have hit production of the late kharif crop, which are expected to start arriving in the markets from mid-January, he said. Maharashtra and Karnataka are the main onion-producing states in the country, accounting for almost 50% of total production.

Mr Bhonde pointed out that production in the late kharif season is also expected to be slightly lower and yields could fall because farmers are harvesting their onion crops prematurely to profit from the sky-high prices. Onion prices skyrocketed to a peak of `70-85 per kg on December 20, 2010, and continue to sell for around `40-60 per kg in metros across the country.

Asked if the crop losses could be offset by enhanced production in the rabi season, which started in November, 2010, he said: There cannot be much improvement in the rabi sowing as nurseries have been damaged due to recent rains. The success of onion cultivation depends mainly on proper nursery management. Approximately 60% of the countrys onion crop is grown during the rabi season, while the remaining quantum is harvested in the kharif and late kharif seasons.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Careers

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions