Connect with us

Business News

To curb onion prices, the government issued buffer stock, know how much they cost in metros



Government releases buffer stock to check onion prices

As the prices of most consumed vegetables onion, tomato and potato continue to rise, the government on Sunday announced that the prices of onions are being controlled by issuing buffer stock.

The Ministry of Consumer Affairs said in a statement that efforts are on to reduce the prices of tomatoes and potatoes.

According to official sources, onion stocks in mandis are being released in a calibrated manner from the end of August on first-in-first-out basis. He said that this would not only help in bringing down the prices of onions but would also ensure minimum storage loss.

Due to these efforts, the retail prices of onions were in the range of Rs 42 to Rs 57 per kg in metro cities till October 14. At the same time, the all-India average retail price was Rs 37 per kg, while the average wholesale price on October 14 was Rs 30 per kg, the ministry said.

Onion price in four metros

The retail prices of onions are different in the four metro cities. Its retail price on October 14 in the national capital was Rs 44 per kg, in Chennai it is Rs 42 per kg, in commercial capital Mumbai it was Rs 45 per kg, while in Kolkata it is the costliest. Rs 57 per kg

The buffer stock of onions is being released in those states where prices are higher than the all India average and where prices have been increasing since September.

“Till October 12, a total of 67,357 tonnes of onions have been released in major markets such as Delhi, Kolkata, Lucknow, Patna, Ranchi, Guwahati, Bhubaneswar, Hyderabad, Bengaluru, Chennai, Mumbai, Chandigarh, Kochi and Raipur.” The ministry statement said.


Copyright Indian Lekhak Limited 2021. All Rights Reserved