As the all-India common retail onion price shoots up by 57% to ₹47 per kg, the Centre on October 27 determined to step up the sale of buffer onion at a subsidised fee of ₹25 per kg in retail markets to provide relief to consumers.
| Photo Credit: Sushil Kumar Verma
As the all-India common retail onion price shoots up by 57% to ₹47 per kg, the Centre on October 27 determined to step up the sale of buffer onion at a subsidised fee of ₹25 per kg in retail markets to provide relief to consumers.
The all-India common retail price of onion rose to ₹47 per kg on October 27, from ₹30 per kg within the year-ago interval, as per the info maintained by the buyer affairs ministry.
In the nationwide capital, the retail price of onion was at ₹40/kg on October 27 as towards ₹30/kg within the year-ago interval, the info confirmed.
“We have been offloading buffer onions since mid-August and we are stepping up the retail sale to check further rise in prices and provide relief to the consumers,” Consumer Affairs Secretary Rohit Kumar Singh informed PTI.
According to the Ministry, onion is being offloaded from the buffer inventory in wholesale and retail markets within the States the place costs are sharply rising. Since mid-August, about 1.7 lakh tonnes of buffer onion has been offloaded in 22 States at totally different areas.
In retail markets, buffer onion is being offloaded by way of two cooperative our bodies NCCF and NAFED shops and automobiles at a subsidised fee of ₹25 per kg. In Delhi too, buffer onion is being offered at this subsidised fee.
A senior Ministry official stated the delay in kharif onion sowing due to climate causes has resulted in much less protection and late arrival of the crop.
The contemporary kharif onion ought to have began arriving by now but it surely has not. With saved rabi onion getting exhausted and delay within the arrival of kharif onion, there’s a tight provide scenario, leading to price will increase in each wholesale and retail markets, the official added.
He additionally talked about that the federal government has doubled the buffer onion inventory for the present yr and this could enhance home availability and examine costs within the coming days.
For the 2023-24 fiscal yr, the Consumer Affairs Ministry by way of NCCF and NAFED has maintained a buffer onion inventory of 5 lakh tonne and plans to procure further 2 lakh tonne onion within the coming days.
