Now the price of onion will not make you cry, the government is going to make strong arrangements

Amidst the news of rise in onion prices, the central government has assured that prices will be controlled in any situation. There is a storage of 4.70 lakh tonnes of onion in the buffer stock. If needed, it will be taken out and the shortage of onion in the market will be overcome. In view of the possibility of rise in prices during the rains, the central government has arranged for a buffer stock of onion. Under the price stabilization policy, the maximum stock of onion has been increased from one lakh tonnes to five lakh tonnes.

Consumer Ministry Secretary Nidhi Khare said that the government is seriously considering controlling the prices of onion and a decision will be taken on this in a day or two. To enrich the buffer stock, the government has purchased 4.70 lakh tonnes of Rabi onion this year, which is 1.7 lakh tonnes more than last year. Last year, the government purchased 3 lakh tonnes of Rabi onion for the buffer stock. The Agriculture Ministry has described the availability of onion as satisfactory.

It is estimated that farmers and traders still have over 38 lakh tonnes of onion stored. However, some traders appear to be profiting from black marketing and hoarding. As a result, the price of onions has risen to more than Rs 50 per kg in some major centres. This has put significant pressure on the government. Aside from that, continuous heavy rains in southern states, including Maharashtra, have hampered onion production during the Kharif season. As a result, the wholesale price of onion has risen by Rs 10 and the retail price by Rs 20 per kg in just one week.