The central government has now come into action to curb the onion prices. In order to increase Onion Supply in the country, the Government has relaxed the rules of Onion Import. Along with this, to control the rising prices, it has also been decided to supply more onion market than Buffer Stock.
Why the steps were taken
There is still a month left for the new crop to come in the country, in such a situation, the government is emphasizing on import to increase the supply of onion. On Tuesday, the average price of onion in Lasalgaon, the country’s largest onion market, was Rs 7300 per quintal. This price is the highest in the last 10 months.
According to the Consumer Affairs Ministry data, onion retail prices in Chennai reached Rs 73 per kg on Tuesday. Onion is being sold in Delhi at Rs 50 per kg, Kolkata at Rs 65 per kg and Mumbai at Rs 67 per kg.
It is estimated that if prices continue to rise like this, onion prices will cross Rs 100 per kg by Diwali. The Ministry of Consumer Affairs has said that 37 lakh tonnes of onion of Kharif crop will reach the mandis soon, which will see relief in prices.
Why onion prices increased
Currently, the stored onion of rabi crop is being sold in the market. In the last few days, there was heavy rainfall in Maharashtra, Karnataka and Madhya Pradesh. These three states are the main producers of onions. Due to the rains, along with the standing kharif crop, onions kept in warehouses have also suffered a lot.
Due to which there was a possibility of onion supply decreasing and there was a sudden surge in prices. Normally, from monsoon to winter, onion prices are seen to be rising.
Onion ordered from Iran
Even before this, on October 19, 600 quintal of onion came from Iran in APMC market of Navi Mumbai to control onion prices. Of which 25 tonnes of onion reached the APMC market. The price of Iranian onion is 55-60 rupees per kg.
IT action taken on onion traders
Let us tell you that after the action of income tax on onion traders on October 14, traders were not coming to the mandi, that is, in a way, the onion business was closed in the market, when the market opened on Monday, onion prices There was a sudden surge of up to Rs 2000 per quintal.