Onion prices likely to dip in Delhi as ‘Kanda Express’ on way
Onion prices in Delhi are likely to dip with the arrival of the Centre's 'Kanda Express' in the national capital on Sunday, as per reports.
Onion prices in Delhi are likely to dip with the arrival of the Centre's 'Kanda Express' in the national capital on Sunday, as per reports.
The targeted release of onion from the government’s buffer aims at making the essential vegetables available to consumers at affordable prices.
The annual rate of inflation based on the all India Wholesale Price Index (WPI) number has risen marginally to 0.53 per cent for March 2024, the government said on Monday.
The government has directed the NCCF and the NAFED to start buying 5 lakh tonnes of onion for the country’s buffer requirement directly from farmers as the Rabi-2024 harvest has begun arriving in the market, the Food Ministry said on Tuesday.
In a surprising turn of events, India has extended its ban on onion exports indefinitely, sending ripples through both domestic and international markets.
While the Prime Minister Narendra Modi-led government imposed a ban on onion exports till March 2024 in the run-up to the Lok Sabha polls slated for April-May 2024
Unseasonal rainfall during November had damaged the onion and tomato crops which led to a shortage of the two commodities in the market and triggered the price rise.
The prices recorded a decline of 5 per cent to 9 per cent from the highest price registered during last week.
The government on Saturday notified minimum export price (MEP) of $800 per metric tonne on onion export with effect from October 29 till December 31, 2023.
According to the Union Consumer Ministry, in places where prices have increased significantly, onions are being removed from the buffer stock in both the wholesale and retail sectors
