Onion index is up 65%: What does it signify?

The Agriwatch Agri Commodities Index gained a modest 0.27 per cent to 105.92 during the week ended August 5, 2017 from 105.63 during the previous week, despite a 65 per cent surge in the Onion Index.

Higher onion prices were offset by declines in cereals, pulses, sugar and rubber prices. The base for the Index and all sub-Indices is 2014 (= 100). Five of the nine commodity group sub-Indices and 16 of the 29 individual commodity sub-Indices gained this week.



The commodity group sub-Index values and their weekly changes are: Cereals: 106.54 (down 0.78 per cent), Pulses: 120.28 (down 3.80 per cent), Vegetables: 62.88 (up 37.17 per cent), Edible Oils: 101.79 (up 0.85 per cent), Oilseeds: 90.01 (up 0.17 per cent), Spices: 103.91 (up 3.53 per cent), Sweeteners: 121.71 (down 0.88 per cent), Fibres: 105.74 (up 2.95 per cent) and Other Non-Food Articles: 85.84 (down 4.53 per cent). Further details can be viewed on the ET website and on Agriwatch.com.