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Prices Of Onion Cheaper Than Last Year: Centre

The all India retail price of onion on 03.11.2021 is Rs 40.42 per KG while the all India wholesale price of onion is Rs 3253.53/qtl.

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Amid the high inflation rate in the entire country, the Ministry of Consumer Affairs, Food and Public Distribution, on Wednesday, said that the prices of onions are now cheaper than last year. All India Retail and Wholesale prices of onion are Rs 40.13 KG and 3215.92 p/q respectively, informed the ministry. 

The onion prices had started rising from the first week of October 2021, due to rains that disrupted the supply chain. "In order to cool down prices, the Department of Consumer Affairs has taken up calibrated and targeted release of onions from the buffer on First-in-First-Out (FIFO) principle, guided by the twin objectives of moderating prices and ensuring minimal storage loss," the ministry said.

The all India retail price of onion on 03.11.2021 is Rs 40.42 per KG while the all India wholesale price of onion is Rs 3253.53/qtl.

The Ministry said till November 02, 2021, a total of 1,11,376.17 MT has been released in major markets such as Delhi, Kolkata, Lucknow, Patna, Ranchi, Guwahati, Bhubaneshwar, Hyderabad, Bangalore, Chennai, Mumbai, Chandigarh, Kochi and Raipur. In addition, onions are disposed of in local markets in Maharashtra, Madhya Pradesh and Gujarat.

The Department of Consumer Affairs has offered onions from the buffer at Rs. 21/kg to all the States and UTs for lifting from the storage locations. This would enable States/UTs to take up, by themselves, market interventions either through direct supply to retail consumers through retail outlets or release in key markets to bring down prices. 

"The stocks are also available for supply to Central/States agencies involved in retail marketing either at an ex-storage rate of Rs.21/kg or at a landed price after including transportation costs. SAFAL has been offered at a landed price of Rs.26/kg and has lifted 400 tonnes. Nagaland is being supplied from the buffer," it said. 

Onion buffer has been maintained by the Department of Consumer Affairs under the Price Stabilisation Fund (PSF) with the objective of effective market intervention to moderate prices. In 2021-22, against the target of building 2 LMT Onion buffers a total of 2.08 LMT was procured from the Rabi-2021 crop from April to July 2021.


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