Onion Prices: Government took a big step to control the rising prices of onion, increased sales from buffer stock
Raj Kumar September 23, 2024 07:11 PM

New Delhi. The central government has recently removed the export duty. After this, in view of the rising prices of onion in the retail market, the sale has been increased from the 'buffer stock' in the wholesale markets. The government has taken this decision with the aim of controlling the prices. Consumer Affairs Secretary Nidhi Khare said on Monday that the Center has started taking out onions from its 'buffer stock' in the wholesale markets of Delhi and other major cities. The government plans to retail onions with subsidy across the country.Read:- Inflation hits before festivals…. Prices of onion, rice and cooking oil will increase due to government decision!“We had expected a jump in prices after the removal of export duty. With our buffer stock of 4.7 lakh tonnes and increased area under kharif sowing, we expect onion prices to remain under control,” Khare told reporters on Monday. The government is planning to increase retail sale of onions at a subsidised rate of Rs 35 per kg across India, with a focus on cities where prices are higher than the national average.
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