At the national level, the average retail price of onion has decreased by 100 percent compared to last year: Government

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Consumer Affairs Secretary Leena Nandan said on Thursday that timely intervention by the government to increase the supply of onions has yielded good results.

Consumer Affairs Secretary Leena Nandan said on Thursday that timely intervention by the government to increase the supply of onions has yielded good results. Due to this, the average retail price of onion in India has come down by 60 per cent to Rs 40 per kg this year. Nandan told PTI that there has been a kind of fall in the price of onion across the country. “In just one month, the retail price of all-India onion has come down by 33.33 per cent to Rs 40 per kg from Rs 30 per kg on November 30 this year,” he said.

He said the average price of onion in the national capital was Rs 30 per kg on Thursday, Rs 100 per kg on December 31, 2011. According to the Ministry of Consumer Affairs, the average price in Mumbai on Thursday was Rs 48 per kg, compared to Rs 93 per kg a year ago . At the same time, the price in Kolkata was reduced from Rs 90 a year ago to 40 kg. Nandan said timely intervention by the government since September has resulted in a 100 per cent reduction in the average price of onions at the national level. Highlighting various measures to reduce the price of onion, the secretary said that on September 14, the government had banned the export of onion completely. Subsequently, stock restrictions were imposed on wholesalers and retailers for three months from 23 October to 31 December.

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It had an immediate effect. In addition, the government facilitated onion imports to improve local supply and control price increases. According to the secretary, in addition to importing onions from Afghanistan and other countries, the government took steps to import onions directly through the government cooperative Nafed. He said, “About 2,000,000-755,000 tonnes of onions were imported through private traders in 2020. NAFED also imported about 3,000 tonnes of onions.” All these measures have created a situation where these figures prove themselves. ” He said.

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Asked about the rise in onion prices at the Lasalgaon wholesale market in Maharashtra after the government announced the lifting of the export ban from January 1, the secretary said, “It is good.” If a good amount is coming to the market, there is no need to artificially hinder exports. That is the logic. He said the measures to ban exports were aimed at controlling prices for consumers, which in turn affects consumer price inflation. Nandan said retail prices of onions have softened with the arrival of fresh kharif crops in the market. He said the government has decided to increase the buffer stock of onion from one lakh tonnes to one and a half lakh tonnes in the 2021 Rabi season.

(This news is not edited by NDTV team. It is published directly from Syndicate feed))

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At the national level, the average retail price of onion has decreased by 100 percent compared to last year: Government
At the national level, the average retail price of onion has decreased by 100 percent compared to last year: Government

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