Karnataka crop failure drives onion price management in Coimbatore
What happened
The crop in Karnataka failed due to poor rains, leading to poor quality supplies reaching markets in Coimbatore. Onion prices have soared, with big onion bulk prices reaching ₹55 a kg for the best quality. To stabilize prices, traders in Coimbatore have begun sourcing imported onions from Egypt, while supplies from Maharashtra have also started arriving.
From thehindu.com
Why it matters
The failure of the Karnataka crop directly impacts the regional onion supply chain. Traders are using imports and supplies from Maharashtra to manage soaring prices in Coimbatore. The limited availability of small onions is expected to keep prices high until December.
Sowing progress is reported across several Indian states, while the government sets procurement prices and exports compete with Far East supply.
From thehindu.com
Who's involved
- KarnatakaExperienced crop failure due to poor rains
- MaharashtraProviding supplies to help control market prices
- CoimbatoreMarket city where onion prices have soared
- EgyptSource of imported onions being used by traders
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- MaharashtraSpeculative
The state's supplies could help keep market prices under control.
- EgyptSpeculative
Traders might increase demand for imported onions from Egypt to meet local market needs.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Karnataka crop failure may boost demand for Egyptian onionsEgypt's onion exports may see increased demand from Indian tradersLikely
- Onion prices in Tamil Nadu may remain high amid Karnataka crop failureOnion prices in Tamil Nadu may remain high as Karnataka crop failure drives import sourcingLikely
- Maharashtra's supply may stabilize prices amid Karnataka crop failureMaharashtra's supply may stabilize prices amid Karnataka crop failureLikely
- Karnataka crop failure may impact Belagavi district's supplyBelagavi district may face reduced agricultural output and supply due to state-wide crop failure.Possible
Keep exploring
The entities involved
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Maharashtra
state in the western and central peninsular region of India
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Karnataka
Indian state
Related events
- Supply issues are being felt in the state of Maharashtra, which includes the city of Nagpur.
- Crop yields in Madhya Pradesh and Rajasthan are offsetting losses in Maharashtra due to dry spells.
- Drought impacts cotton crops in Karnataka and Maharashtra, prompting central government duty exemptions.
- Poor rainfall in Karnataka and Maharashtra prompts Oil Marketing Companies (OMCs) to invite bids for ethanol.
- Farmers in Karnataka are demanding higher prices and improved agricultural policies.