mumbai,sep 23
The government has intensified its efforts to check onion prices by stepping up the sale of buffer stock in wholesale markets, following a spike in retail prices after the recent removal of export duty.Consumer Affairs Secretary Nidhi Khare on Monday said the Centre had begun offloading onions from its buffer stock in wholesale markets of Delhi and other key cities, with plans to expand subsidised retail sales nationwide.”We anticipated a price surge after lifting the export duty. With our 4.7 lakh tonne buffer stock and increased kharif sowing area, we expect to keep onion prices in check,” Khare told mediapersons.The government plans to increase retail sales of onions at a subsidised rate of Rs 35 per kg across India, focusing on cities where prices exceed the national average.Official data showed retail onion price in Delhi at Rs 55 per kg on September 22, up from Rs 38 per kg a year ago. Prices in Mumbai and Chennai have reached Rs 58 and Rs 60 per kg, respectively.Since September 5, the government has been selling onions at Rs 35 per kg through mobile vans and outlets of NCCF and NAFED in Delhi and other state capitals. Khare expressed optimism about the upcoming kharif onion crop, citing significantly higher acreage compared to last year. “Arrivals will begin next month, and we foresee no production concerns,”she said.The secretary also addressed other commodity prices.
On edible oils, she acknowledged a price rise following recent import duty hikes, explaining the move was to protect domestic farmers.
