INSUBCONTINENT EXCLUSIVE:
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.
