Onion Price: The price of onion will crash, it will be sold for this much per kilo! The government took this step to provide relief

Onion Price Update: If you are also worried about the rise in onion prices, then this news is useful for you. Yes, now the government is going to do something due to which the price of onion is expected to come down. The government has recently removed the export duty on onions. After this, its price is increasing in the retail market. In Delhi-NCR, onions are being sold at Rs 70 to 80 per kilo in the retail market. But now to control the increased price, the government has intensified efforts to control the price of onion by increasing sales from ‘buffer stock’ in the wholesale market.

Subsidized onion retail sale will be done across the country

Consumer Affairs Secretary Nidhi Khare said the Centre has started releasing onions from its buffer stock in wholesale markets in Delhi and other major cities. The government plans to retail subsidised onions across the country. Khare said, “We had anticipated a surge in prices after the export duty was removed. With our buffer stock of 4.7 lakh tonnes and increased area for Kharif sowing, we hope onion prices will remain under control.” The government is planning to increase retail sales of onions at a subsidised rate of Rs 35 per kg across the country. In this, more attention is being given to those cities where prices are higher than the average.

Onions are being sold at Rs 35 per kilo in Delhi
According to official data, the retail price of onion in Delhi on September 22 was Rs 55 per kg, up from Rs 38 per kg a year ago. In Mumbai and Chennai, prices have reached Rs 58 and Rs 60 per kg respectively. The government has been selling onions at Rs 35 per kg since September 5 through mobile vans and NCCF and NAFED shops in Delhi and other state capitals. Khare has high hopes from the upcoming kharif onion crop. For this, he cited a much larger acreage compared to last year.

Oil prices rise after import duty hike
He said, ‘Arrivals will start next month and we do not see any production related concerns.’ The secretary also spoke on the prices of other commodities. Regarding edible oils, he acknowledged the increase in prices after the recent import duty hike and said that this step has been taken to protect domestic farmers. Regarding tomatoes, Khare said that the government will keep an eye on the trends and intervene if needed.

With domestic tur and urad production remaining good and increase in pulses imports, Khare expects stability in pulses prices in the coming months. The government had removed the minimum export price of $550 per tonne on onions 10 days ago, while increasing the import duty on crude palm oil by 20 percent and refined sunflower oil by 32.5 percent with the aim of supporting domestic oilseed farmers and processors. (from input language also)