Onion price: Onion became cheaper in all these cities including Delhi, Mumbai, check the price of 1 kg immediately

Onion Price in Delhi: The Center on Wednesday said it has so far released 1.11 lakh tonnes of onions from its buffer stock in major markets across the country. Due to this the retail prices have come down by Rs 5-12 per kg. This buffer onion was released in major markets like Delhi, Kolkata, Lucknow, Patna, Ranchi, Guwahati, Bhubaneswar, Hyderabad, Bengaluru, Chennai, Mumbai, Chandigarh, Kochi and Raipur. Apart from this, onions were launched in the local markets of Maharashtra, Madhya Pradesh and Gujarat.

Onion extracted from buffer stock
The Ministry of Consumer Affairs said in a statement, “Onion prices are also being stabilized through buffer stock. The Centre’s efforts to bring down the prices of onions are now yielding results.” Onion prices are now cheaper than last year, as the average all-India retail price of this staple vegetable is Rs 40.13 per kg, while the wholesale price is Rs. It is Rs 31.15 per kg in the market.

A total of 1,11,376.17 tonnes of onion extracted till November
It said that till November 2, a total of 1,11,376.17 tonnes of onion was brought to the major markets from the buffer stock. According to ministry data, this intervention has helped bring down retail prices by Rs 5-12 per kg so far.

Onion rates reduced in Delhi and Mumbai
For example, in Delhi, retail onion prices have come down to Rs 44 per kg on November 3 from Rs 49 on October 20. In Mumbai, onion prices have now come down to Rs 45 from a high of Rs 50 per kg on October 14.

Onion became cheaper in Kolkata and Chennai too
The data shows that the retail price of onion in Kolkata has come down from Rs 57 per kg on October 17 to Rs 45, while in Chennai it has come down from Rs 42 per kg on October 13 to Rs 37.

Government took these steps
According to the ministry, onion prices started rising from the first week of October as the supply chain was disrupted due to rains. In order to bring down the prices, the government has introduced a systematic and targeted market introduction of onions from the buffer stock on the principle of ‘First-in-First-out’ (FIFO), which will reduce the prices and ensure minimum storage loss. Driven by the twin objectives of

The government has offered buffer onions at the rate of Rs 21 per kg to all states and union territories for off-take from storage locations, apart from releasing them in the market. This will put the States/UTs in a position to intervene in the market either through direct supply to retail consumers through retail outlets or through issuance in key markets to reduce prices.

Onion getting Rs 26 a kg on Mother Dairy and Safal
Mother Dairy’s successful sales center has been offered onions at Rs 26 per kg and has lifted 400 tonnes. Buffer onions are also being supplied to Nagaland. Onion buffer has been maintained under Price Stabilization Fund (PSF) for effective market intervention to bring down prices. It said that during the year 2021-22, a total of 2.08 lakh tonnes of onions were procured for the buffer, which is slightly higher than the target of 2 lakh tonnes.

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