Key Points
The government plans to stabilize onion prices by releasing 91,960 tonnes from buffer stocks via rail to key consumption centers and e-commerce platforms, selling at Rs 35/kg..
This intervention aims to address the spike in vegetable prices, with onion prices nearing Rs 100/kg in retail markets.PTIRepresentative image...
With an intent to curb onion prices before Diwali, the government has decided to flood markets across the country with onions disposing from its buffer stocks..
Onion prices ruled close to Rs 100 per kg in retail across major several large consumption centres compelling the government to offload from its own stocks in the retail market at subsidized price of Rs 35 per kilo starting last month...
.1,600 MT (equivalent to approximately 53 trucks) of onions procured by NCCF under the price stabilisation fund of the Department of Consumer Affairs is being shipped by rail by the Kanda fast train from Nashik to Delhi NCR, said Nidhi Khare, secretary, Department of Consumer Affairs on Thursday...
You might be interested in
Onions price soars to Rs 80/kg in Delhi: When will rates fall?
30, Oct, 23In the Delhi-NCR region, onion prices have reached Rs 80 per kilogram across retail markets, marking a 100 per cent increase in just 14-15 days.
This is govt's 'TOP' agenda in the run-up to the Lok Sabha polls
06, Dec, 23After victories in three states, a confident BJP is hopeful of winning the next Lok Sabha elections. Yet it does not want to leave anything to chance, least of all TOP which can swing voter sentiment wildly as these kitchen staples pinch people at the bottom of the population the most.
Onion prices soar by 57%; Govt increases buffer stock sales for consumer relief
27, Oct, 23The government decided to step up the sale of buffer onions in order to provide relief to consumers.
India allows export of onions to select nations
19, Feb, 24India, the world's second largest onion exporter, had banned shipments of the kitchen staple in December 2023 till March 2024 due to rising domestic prices and potential shortages. This led to a surge in onion prices in neighbouring countries.
Delhi: Govt to sell onions at subsidised rate from today. Check new rates here
21, Aug, 23After lowering the price of tomatoes, the government will start selling onions at a subsidised rates in Delhi from Monday
India's Onion Conundrum: A pungent price rise may need further actions amid inflationary pressures
21, Aug, 23The Indian government has imposed a 40% tax on onions for export as prices of the vegetable spike, driving up retail prices of what is a key food item for many households in the country. Traders told the Economic Times that in September prices of quality onions could near double. Possible hoarding could lead to immediate inflation even before the export taxes come into force, while supply concerns could bring prices down again in the future. However, onions have a bearing on the Indian political circuit too and controlling the prices are crucial in run up to elections.
After tomato, onion follows suit; 60%rate hike in week
18, Aug, 23After tomatoes, the price of another staple vegetable — onion — is on a steep rise in the country. Within a week, retail prices have already increased by nearly 60 per cent.
Centre to sell onions at subsidised rate of Rs 25/kg through retail outlets of NCCF, NAFED: Piyush Goyal
22, Aug, 23The government has started procurement of onions at Rs 2,410 per quintal from August 22 onwards, Union Minister of Consumer Affairs and Food Piyush Goyal said.
Govt to release higher quantities of onions at subsidised rate in retail market
02, Nov, 23After realising that government intervention of selling onion in retail market has made a better impact on cooling prices, the consumer affairs minist
Centre imposes floor price on onion exports to ensure domestic availability amid rising prices
28, Oct, 23The price of onions has shot up more than 50% in the past two weeks because of a delay in the arrival of kharif onions, which are now expected to hit markets in December