Onion prices rise 20% in past two weeks as rains damage crop

Pune’s onion prices have surged by approximately 20% in the last two weeks due to crop damage from heavy rains, leading to reduced market arrivals. Despite increased production and storage, onions are becoming more expensive. Trade sources anticipate further price increases, potentially fueled by upcoming government onion procurement.

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Federal Reserve holds rates steady in a divisive vote

The Federal Reserve kept interest rates unchanged. However, the decision revealed significant disagreements among officials. Three policymakers opposed the statement’s bias towards lowering borrowing costs.

April 30, 2026

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