5 hrs ago
Onion wholesale prices fall 9 percent over nine days
Onion prices in wholesale markets have gone down by 9 percent in nine days.
The government hopes this will eventually make onions cheaper in shops.
However, onions still cost much more than they did last month and last year.
The average retail price was Rs 53.92 per kilogram on Tuesday.
The government says there are enough onions available.
It has been selling onions for Rs 35 per kilogram to help people.
These discounted onions are being sold through retail stores and mobile vans.
Officials expect retail prices to start falling soon.
Wholesale onion prices declined 9 percent over the past nine days, Consumer Affairs Secretary Nidhi Khare said.
India’s average retail onion price was Rs 53.92 per kg on Tuesday.
Retail prices were 48 percent higher than a month earlier and 94 percent higher than a year earlier.
Onion inflation rose to 48.27 percent in August from 22.54 percent in July.
The Centre is selling onions at Rs 35 per kg through retail outlets and mobile vans in about 48 cities.
- Who
- Consumer Affairs Secretary Nidhi Khare and the Union government are involved in the response to onion prices.
- What
- Wholesale onion prices fell 9 percent in nine days, while retail prices remained elevated.
- Where
- The price changes concern onion markets in India; government sales have reached about 48 cities.
- When
- The decline was reported on Wednesday; the cited retail price was recorded on Tuesday, and the wholesale change covered the previous nine days.
- Why
- The government is trying to provide relief to consumers and moderate onion prices through discounted sales.
Key facts
- Wholesale price change
- Down 9 percent over the past nine days
- Average retail price
- Rs 53.92 per kg on Tuesday
- Monthly retail increase
- 48 percent higher than a month earlier
- Annual retail increase
- 94 percent higher than a year earlier
- August onion inflation
- 48.27 percent, compared with 22.54 percent in July
- Government sale price
- Rs 35 per kg
- Distribution reach
- About 48 cities
Quotes
Nidhi Khare
Consumer Affairs Secretary
“There is no dearth in the availability of onions. Since the time that we started the retail intervention to make sure that onions reach consumers at Rs 35 per kg, we have been able to reach about 48 cities in the country. We have used a hybrid way, both transportation by retail rates as well as trucks,”
m.rediff.com
“I can say that now, when we see and analyse the mandi prices in the last nine days, there has been a decrease of 9 per cent in the prices,”
m.rediff.com
Sources
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