Government Releases Buffer Stock To Curb Onion Prices. Know How Much They Cost In Metros

Government has launched buffer shares of onion to curb its costs

As costs of most consumed greens onions, tomatoes and potatoes proceed to soar, the federal government on Sunday introduced that onion costs are being managed by releasing its buffer inventory.

Ministry of Consumer Affairs in a press release mentioned that efforts are additionally on to cut back the costs of tomatoes and potatoes.

In a calibrated method, onion shares are being launched in mandis on first-in-first-out foundation since finish of August, official sources. This won't solely assist in lowering onion costs but in addition guarantee minimal storage losses, they added.

Due to those efforts, retail onion costs have been within the vary of Rs 42 to Rs 57 per kg in metro cities as on October 14. At the identical time, the all India common retail value was decrease at Rs 37 per kg, whereas the typical wholesale value was Rs 30 per kg as on October 14, the ministry mentioned.

Prices of onion in 4 metros

Onion retail costs within the 4 metro cities differ. In the nationwide capital, its retail value as on October 14 was Rs 44 per kg, in Chennai it's priced at Rs 42 per kg, within the business capital Mumbai its value was Rs 45 per kg, whereas it's the costliest in Kolkata at Rs 57 per kg.

Buffer shares of onion are being launched in these states the place costs are greater than the all India common and in addition the place costs are on the rise since September.

"Till October 12, a total of 67,357 tonnes of onion have been released in major markets such as Delhi, Kolkata, Lucknow, Patna, Ranchi, Guwahati, Bhubaneshwar, Hyderabad, Bengaluru, Chennai, Mumbai, Chandigarh, Kochi and Raipur," the ministry assertion mentioned.