Onion cheaper than last year: States offered @ 21/kg

Kashmir Times. Dated: 11/4/2021 1:41:44 AM

KT NEWS SERVICE
NEW DELHI, Nov 03: On the eve of Diwali, the Union Ministry of Consumer Affairs offered onions to all states and Union Territories from its buffer at Rs 21 per kg, to be lifted from the storage locations, for market intervention through direct supply to the consumers or release in key markets to bring down prices.

It also insisted that prices of onion were cheaper than last year, claiming that it was selling on Wednesday at Rs 3215.92 per quintal in the wholesale prices and at Rs 40.13 per kg in retail at the all-India level.

The ministry said the onion prices were also being stabilised through sales from the buffer stock, asserting that the Centre's efforts to ease the prices were bearing the results.

Till November 2, a total of 1,11,376.17 MT has been released in major markets such as Delhi, Kolkata, Lucknow, Patna, Ranchi, Guwahati, Bhubaneshwar, Hyderabad, Bangalore, Chennai, Mumbai, Chandigarh, Kochi and Raipur. In addition, onions are disposed of in local markets in Maharashtra, Madhya Pradesh and Gujarat.

SAFAL was offered a landed price of Rs 26 per kg and it has lifted 400 tonnes.

Onion buffer has been maintained by the Department of Consumer Affairs under the Price Stabilization Fund (PSF) with the objective of effective market intervention to moderate prices. In 2021-22, against the target of building 2 LMT Onion buffer a total of 2.08 LMT was procured from Rabi-2021 crop during April to July, 2021.

 

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