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Onion Supplies Set To Improve In Coming Days Says Department Of Consumer Affairs

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Capital Market
Last Updated : Oct 19 2018 | 3:50 PM IST

Department of Consumer Affairs (DoCA) has reviewed the price and availability situation of Onion with all the concerned stakeholders in a High Level meeting chaired by the Secretary, Department of Consumer Affairs, ShriAvinash K. Srivastava. It was indicated by Horticulture Commissioner (DAC&FW) that sown area under the Kharif Onion Crop is higher than last year and its arrival has commenced from Karnataka. Arrivals of Kharif crop is expected to increase significantly within a week. This would improve availability in consuming areas, thereby, helping moderate prices.

Meanwhile, in the meeting it was decided that the supply of Onion to Delhi from the buffer stock under the Price Stabilisation Fund (PSF) should be increased by 2-3 times from the current level so as to tide over any constraint in the interim supply of Onions in the market. The implementing agency for the purpose i.e. NAFED has been directed to increase the quantity supplied from PSF stock accordingly. The situation of Onion Prices and its availability will be constantly reviewed by the committee and appropriate& immediate interventions will be made as required.

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First Published: Oct 19 2018 | 3:32 PM IST

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