2 hrs ago
Government Expects Onion Prices to Fall as Kharif Crops Arrive
New onions grown during the Kharif season are starting to arrive in markets.
The government says this should add to the onions already available from stored winter crops.
It expects the extra supply to help bring retail prices down.
The Centre is also selling onions from its reserves at lower prices.
The food ministry is watching onion supplies and prices.
It expects supplies to improve further before the festive season.
The government expects retail onion prices to moderate further as new Kharif crops reach markets.
Fresh arrivals have begun from major producing states including Karnataka, Andhra Pradesh and Rajasthan.
Stored Rabi onion stocks are also continuing to meet market demand.
The Centre is selling onions from its buffer stocks at discounted rates to help consumers.
The food ministry said supplies should strengthen further ahead of the festive season.
- Who
- India’s food ministry and the Centre.
- What
- The government expects onion prices to moderate as fresh crops and buffer-stock sales support supply.
- Where
- Markets in India, with new arrivals reported from Karnataka, Andhra Pradesh and Rajasthan.
- When
- Wednesday; fresh Kharif arrivals have commenced, with supplies expected to increase ahead of the festive season.
- Why
- Fresh Kharif onions, stored Rabi stocks and discounted sales from government buffer stocks are supporting availability.
Key facts
- Government outlook
- Retail onion prices are expected to moderate further.
- New crop
- Fresh Kharif onion arrivals have commenced.
- Producing states named
- Karnataka, Andhra Pradesh and Rajasthan.
- Existing supply
- Stored Rabi stocks continue to meet market demand.
- Government measure
- The Centre is offloading buffer-stock onions at a discounted rate.
- Monitoring
- The food ministry said it is closely watching onion availability and prices.
Quotes
Food ministry
Government ministry monitoring onion availability and prices
“With fresh Kharif onion supplies expected to gain further momentum and Government distribution efforts being strengthened ahead of the festive season, the supply position is expected to remain well supported and prices will further moderate.”
m.rediff.com
“Fresh Kharif onion arrivals have commenced from major producing States, including Karnataka, Andhra Pradesh and Rajasthan, while availability from stored stocks continues to meet market demands.”
m.rediff.com
Sources
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