Onion Price Hike: Onion prices have increased at double the speed in a few weeks. In many places including Delhi NCR, onion prices have reached Rs 80 per kg. The price of onion has increased by Rs 15 to 20 per kg in just a week. It is estimated that the price of onion will cross Rs 100 in the coming few days.
A few months ago the prices of tomatoes were also skyrocketing. The price of tomato had reached Rs 200 per kg. Now, similarly, the prices of onion are also increasing rapidly, due to which the kitchen budget of common people may get spoiled. However, the government has made special preparations to provide relief to the common people and control the rising price of onion.
The government is selling cheap onions here!
To provide relief to the common people from inflation during the festive season, the government is selling onions at Rs 25 per kg in Delhi NCR. These are onions from buffer stock, which have been procured from nearby states. The government is selling buffer onion at a concessional rate of Rs 25 per kg through two cooperative bodies NCCF and NAFED, outlets and vehicles.
Announcement of export duty on onion
The government has taken another big decision to control the price of onion. On Saturday, DJFT announced to increase the export duty of onion to $800 per tonne. This means that onion from India to foreign countries will cost around Rs 67 per kg. Due to this decision of the government, the quantity of onion will reach outside the country and more onion will reach the domestic markets. This will control the rising prices.
Onion is being imported from many states
The government had taken another special decision amid the rising prices of tomatoes. Had already made buffer stock of onion. Buffer stocks of onion were made in many states. Now the government is taking out these stocks and along with the supply, it is selling onions at cheap prices.
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