New Delhi: Onion prices have been rising even after the decline in demand during Navratri. At present, the wholesale price of onion in Maharashtra’s Yeola Mandi has reached Rs. 7,360 per quintal. It is estimated that after Navratri, onion prices will rise sharply to Rs 120 per kg. In such a situation, the Central Government has made a special plan to control the prices of onions, so that the domestic demand (Domestic Demand) can be easily met along with stopping the rise in prices.
The Center has relaxed the rules on onion imports
The Central Government has relaxed the Import Rules of Onions to meet the domestic demand during the festive season and to put a brake on rising prices. Apart from this, it has also been decided to supply Onion in the market more than Buffer Stock. Explain that the retail price of onion in Chennai has reached Rs. 73 per kg. Onions are being sold at Rs 50-60 per kg in Delhi, Rs 65-75 per kg in Kolkata and Rs 75 per kg in Mumbai.
Due to this, the prices of onions are increasing rapidly
Maharashtra, Madhya Pradesh, Karnataka, Andhra Pradesh, Bihar, Gujarat and Rajasthan are the major producers of onions. Of these, Andhra Pradesh, Karnataka, Gujarat and Bihar have experienced floods this year. Heavy rain has wreaked havoc in many parts of Madhya Pradesh, Maharashtra and UP. This has caused huge losses to onion growers. In this case, onion production has been badly affected. However, the government had projected in June 2020 that onion production could increase by 17.17 per cent this year to 268.56 lakh tonnes, but these estimates seem to be fading due to heavy rains.
Hoarding has increased the trouble of common people
Due to bad weather, traders started hoarding onions. After the amendment in the Essential Commodities Act, hoarding has become licensed. On September 29 last year, the stock was fixed at 50 MT for wholesalers and 10 MT for retail. Now they have got the legal right to keep as many onions as they want. In fact, the central government has removed onion from the list of essential items. So now the onion racket is happy, but the farmer and the public are upset.
