Traders claim higher prices of onion could be a result of manipulation

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Retail onion prices have risen to Rs 50 per kg at some places in the country while wholesale prices have doubled in the benchmark Lasalgaon market in Maharashtra to Rs 30 per kg. Traders from northern India have already started placing import orders for onion from Afghanistan.

from Agriculture-Economy-News-Economic Times https://ift.tt/3mmJERx

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NCLAT set aside CCI order imposing penalty on 18 sugar mills, 2 trade associations

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The National Company Law Appellate Tribunal (NCLAT) has set aside a penalty of Rs 38.05 crore imposed by the Competition Commission of India (CCI) on 18 sugar mills and two trade associations. The penalty was related to bid rigging in a joint tender for ethanol procurement. The NCLAT ruled that the CCI's order was illegal and did not comply with the principles of natural justice. from Agriculture-Economy-News-Economic Times https://ift.tt/UwRa5Jc
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