Festive Cheer for Households as Onion Prices Show Declining Trend after Touching Record Highs
4 years, 4 months ago

Festive Cheer for Households as Onion Prices Show Declining Trend after Touching Record Highs

News 18  

The retail prices of onion, which were skyrocketing for some weeks, have stabilised and started showing a declining trend, data available with the Ministry of Food and Consumer Affairs shows. Last week, Food and Consumer Affairs Minister Piuysh Goyal, while addressing a press conference, had expressed confidence that there will be no shortage of onions for consumers in the domestic market. Goyal had also listed out various measures taken by the ministry, including banning the export of onion well in time, the release of 30,000 MT of onions from the Centre’s buffer stock, imposition of stock limits on wholesellers at 25MT and retailers at 2 MT, relaxation of fumigation and quarantine norms to facilitate imports, distribution of onions through Kisan rail. We are confident that onion prices will remain under control, there will be no shortage and consumers will get onions at reasonable prices’, the minister had said.

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