Onion prices have further risen to Rs 65-80 per kg in the retail market of the national capital on lower supply. Mother Dairy, which has around 400 Safal retail stores in the Delhi-NCR, is selling loose onions at Rs 67 per kg. E-commerce portal Bigbasket is selling at Rs 67 per kg, while Otipy at Rs 70 per kg. Local vendors are selling onions at Rs 80 per kg. Mother Dairy was selling onions at Rs 54-56 per kg on Wednesday and now the rates have touched Rs 67 per kg. With the rise in retail prices, the Centre on Friday decided to step up the sale of buffer onion at a subsidised rate of Rs 25 per kg in retail markets in order to provide relief to consumers. According to the Department of Consumer Affairs data, on Saturday the all-India average retail price of onion is Rs 45 per kg, but the maximum price is Rs 80 per kg. In Delhi, the average price is ruling at Rs 75 per kg. "We have been offloading buffer onions since mid-August and we are stepping up the retail sale in order to ch
Just as onions are layered, so is the politics around this humble bulb that finds itself on the political chopping board, yet again. SANJEEB MUKHERJEE writes
Centre has also raised the quantum of onion buffer to 500,000 metric tonnes this year, after achieving the initial procurement target of 300,000 metric tonnes
Though India has a huge stock of onions, the high proportion of bad-quality onions due to excessive summer heat this year had led to an increase in the prices of good-quality onions
Such a scenario could extend the current lean season by 15-20 days, potentially tightening supplies and driving prices upwards, the report added
Govt said it has directed two of its agencies to "immediately intervene" and purchase red onion crops from the market after prices fell significantly over last month, resulting in protests by farmers
Retail prices of tomatoes, onions, and potatoes see a drop since early November, according to the Department of Consumer Affairs
To check the sudden spike in onion prices, cooperative Nafed has offloaded 20,000 tonnes of the bulb from the government's reserves in the last three weeks across India, official sources said. Onion is being disposed of at the "going market rate" in major cities like Delhi, Patna, Lucknow, Chandigarh, Chennai and Hyderabad among others, sources said. Nafed has been creating a buffer stock of onion on behalf of the government under the Price Stabilisation Fund (PSF) for the last few years. For 2022-23, Nafed has built a record onion reserve of 2.50 lakh tonnes to deal with a potential spike in onion prices during the lean season that runs from August to December. According to sources, Nafed commenced the disposal of buffer onion on September 14 and has offloaded 20,000 tonnes till now. Onion procured in April and May is being offloaded at the "going market rate", the sources said. The stocks from the buffer will be released in a targeted and calibrated manner till December. Acco
To check any sharp jump in retail onion prices, Centre on Friday said it has started offloading the buffer stock in a targeted manner to states where prices are increasing over the previous months.
Onion prices being stabilised with buffer stock release; efforts on to soften tomato, potato rates, says govt
All-India average retail price of onions has dropped by 60 per cent this year to Rs 40 per kg
Damage to standing crops due to extended rain, depletion of stocks at home and in global markets could spoil the calculations
Currently, Nafed is offloading onion buffer stock in the market to boost domestic availability and check onion prices which surpassed Rs 75 per kg in some parts of the country in the last few weeks
Last year, Nafed had purchased a total of 57,000 tonnes of onion from the 2018-19 Rabi (winter) crop under the Price Stabilisation Fund
Fractured markets accentuate the demand-supply mismatch typical of this dining staple
Albeit for a brief period during monsoon and afterwards, retail price of tomato went up to Rs 80 per kg
When onion prices were hovering around Rs 150 a kg and FM Nirmala Sitharaman was being pilloried for her comments on the kitchen staple, food-delivery platforms put out clever one liners
Farmers across the country have suffered a double whammy this year - first, their crop from last season was spoilt by floods, and then onion yield also dropped due to moisture in fields
Onion prices have been high for past few weeks due to fall in production of the Kharif crop following unseasonal rainfall in key growing states
Onion prices have been ruling high for the past few weeks even as various measures have been initiated to increase supply of the key kitchen staple