Government Releases Buffer Stock To Curb Onion Prices
NDTV
Government on Sunday announced that onion prices are being controlled by releasing its buffer stock
As prices of most consumed vegetables onions, tomatoes and potatoes continue to soar, the government on Sunday announced that onion prices are being controlled by releasing its buffer stock.
Ministry of Consumer Affairs in a statement said that efforts are also on to reduce the prices of tomatoes and potatoes.
In a calibrated manner, onion stocks are being released in mandis on first-in-first-out basis since end of August, official sources. This will not only help in reducing onion prices but also ensure minimum storage losses, they added.
Due to these efforts, retail onion prices were in the range of Rs 42 to Rs 57 per kg in metro cities as on October 14. At the same time, the all India average retail price was lower at Rs 37 per kg, while the average wholesale price was Rs 30 per kg as on October 14, the ministry said.
