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Federal Government Releases Buffer Stock To Suppress Onion Rates. Know Just How Much They Expense In Metros

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Government has actually launched buffer stocks of onion to curb its pricesAs costs of most consumed veggies onions, tomatoes and potatoes continue to soar, the federal government on Sunday announced that onion costs are being controlled by launching its buffer stock.Ministry of Consumer Affairs in a statement stated that efforts are also on to decrease the costs of tomatoes and potatoes.In an adjusted way, onion stocks are being launched in mandis on first-in-first-out basis considering that end of August, main sources.

This will not just help in lowering onion costs but likewise ensure minimum storage losses, they added.Due to these efforts, retail onion prices were in the series of Rs 42 to Rs 57 per kg in metro cities as on October 14.

At the same time, the all India average list price was lower at Rs 37 per kg, while the typical wholesale price was Rs 30 per kg as on October 14, the ministry said.Prices of onion in 4 metrosOnion retail prices in the four city cities differ.

In the national capital, its market price as on October 14 was Rs 44 per kg, in Chennai it is priced at Rs 42 per kg, in the business capital Mumbai its cost was Rs 45 per kg, while it is the costliest in Kolkata at Rs 57 per kg.Buffer stocks of onion are being launched in those states where costs are more than the all India average and also where prices are on the increase given that September.

Till October 12, an overall of 67,357 tonnes of onion have actually been released in major markets such as Delhi, Kolkata, Lucknow, Patna, Ranchi, Guwahati, Bhubaneshwar, Hyderabad, Bengaluru, Chennai, Mumbai, Chandigarh, Kochi and Raipur, the ministry statement said.




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