Onion Price Hike: The sudden rise in onion prices is directly affecting retail inflation and food inflation. This has increased the problems of the central government. The government is avoiding taking risks in the election year. In such a situation, efforts are being made at every level to provide cheap onion to the common people. For this, the Central Government has opened its buffer stock. Now the Center said that onion will be available at the rate of Rs 25 per kg at the successful sales centers of Mother Dairy in Delhi-NCR. This step has been taken to provide relief to consumers from the rising prices of onion. Hyderabad Agricultural Cooperative Union is running similar initiatives in Telangana and other southern states. Cooperative bodies NCCF and NAFED are already retailing buffer onions at concessional rates on behalf of the central government. NAFED has so far set up 329 retail centers including mobile vans and station outlets in 55 cities across 21 states. On the other hand, NCCF has established 457 retail centers in 54 cities in 20 states. Kendriya Bhandar has also started retail supply of onion from its outlets in Delhi-NCR from November 3.
Government had created buffer stock of five lakh tonnes of onion
The Consumer Affairs Ministry said in a statement that the sale of buffer onion will start at Safal Mother Dairy from this weekend. Hyderabad Agricultural Cooperative Association (HACA) is retailing onions to consumers in Telangana and other southern states. The ministry has started retail sale of onion from buffer stock to provide relief to consumers from the recent rise in onion prices due to delay in arrival of Kharif crop. The central government has maintained a buffer stock of five lakh tonnes of onion for the current year and plans to create a buffer of additional two lakh tonnes. Due to these steps of the government, there is a downward trend in the wholesale prices of onion, but its effect is taking time to be seen in the retail markets. The ministry said that a similar decline in retail prices is expected in the coming week. Apart from this, the government has introduced ‘Bharat Dal’ at a concessional price of Rs 60 per kg to ensure availability of pulses in common households. Bharat Dal is being made available to consumers through NAFED, NCCF, Kendriya Bhandar, Safal and state controlled cooperative societies in Telangana and Maharashtra.
NCCF will sell onion at a concessional rate of Rs 25 per kg in other states also.
Cooperative institute NCCF said on Friday that apart from Delhi and surrounding areas, it will retail onions in other states also at a concessional rate of Rs 25 per kg. The aim of this initiative is to provide relief to consumers from the high prices of onion. On behalf of the central government, the National Cooperative Consumers Federation of India (NCCF) started retail sale of onions at subsidized rates at 100 different locations in and around Delhi from September 9. NCCF said in a statement that apart from Delhi-NCR, we have expanded our onion sales scope to all the states from Jammu and Kashmir to Kerala. The cooperative institution has been selling onions online through the Open Network for Digital Commerce (ONDC) platform through Paytm, MagicPin and MyStore in Srinagar, Jaipur, Varanasi and Delhi-NCR for the last two weeks. It said that till now 416 vans are running and 2,219.61 tonnes of onions have been sold in the retail markets.
The price had reached Rs 80 per kg
The retail price of onion has reached Rs 80 per kg in the last two weeks in various parts of the country amid delay in arrival of the new crop and hoarding of the old crop by traders. NCCF is selling onions from the government’s buffer stock of 5 lakh tonnes for the current year. The all India average retail price of onion on Friday was Rs 59.56 per kg. In this, the maximum rate was Rs 88 per kg and the minimum rate was Rs 18 per kg. According to government data, the retail price of onion in Delhi was Rs 75 per kg. The government recently fixed the minimum export price (MEP) on onion till the end of December to improve domestic availability and curb price rise.
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