There’s some good news for the common people. The government on Friday announced that onion prices would be coming down soon as fresh supplies from Karnataka will increase its availability in a week’s time bringing down the prices to a moderate level.
The onion prices had gone up during the festival season.
A high-level committee headed by Consumer Affairs Secretary Avinash Srivastava on Friday reviewed the price and availability situation after retail prices of onion in Delhi went up to Rs 40 per kg.
The committee also decided that the supply of onion to the National Capital from the government’s buffer stock under Price Stabilization Fund (PSF) should be increased by two-three times so as to tide over any constraint in the interim supply.
The Agriculture Ministry said the sown area under the Kharif onion crop was higher than the last year and Karnataka has started sending fresh stock.
It would improve the availability and keep the prices to a moderate level, said the committee.
The average wholesale prices at Nashik’s Lasalgaon market, Asia’s largest wholesale market for onion, have doubled in a week’s time to over Rs 2,100 per quintal.
The government-owned Mother Dairy has already reduced onion prices by Rs 2 per kg at all its stores across Delhi.
(With agency inputs)