Everything You Need To Know About Onion Price Hike

Stored onion is being sold in most parts of the country now.
Stored onion is being sold in most parts of the country now.
  1. "We have taken the best possible measures so far to boost supply and contain onion prices. We have to look at other options like stock limit if the current high price situation continues," Mr Paswan said. 
  2. The government is doing a "balancing job" keeping in mind the interest of both consumers and farmers, he added.
  3. On the rising onion prices, agriculture minister said that the situation will improve in the next few days. "Cooperative Nafed is releasing stock from the central buffer at a lower price. We have enough stock of onions," he added.
  4. The centre has built a buffer stock of 50,000 tonnes of which 15,000 tonnes have been offloaded in the domestic market.    
  5. Central agencies Nafed and the National Cooperative Consumers' Federation of India (NCCF) have been selling onion from the buffer stock at Rs 22-23/kg, while Mother Dairy's Safal stores are selling at Rs 23.90 per kg in the National Capital.
  6. Onion prices have spiked in the last one month due to supply disruption from flood-hit onion-growing states like Maharashtra. 
  7. Last week's rainfall further affected the supply, due to which onion prices have surged up to Rs 70-80 per kg in the national capital and other parts of the country, according to trade sources.
  8. Prices have also picked up on a likely fall in Kharif production owing to the lower planted area under onion after excess rains, according to sources. 
  9. Stored onion is being sold in most parts of the country now and fresh Kharif (summer) crop will hit the market from November onwards, traders said.    
  10. Traders further said that there is enough supply of stored onion of the previous year's crop but its transportation has been affected due to heavy rains.