Onion Price Reduced: After tomato, onion will also be given cheaply by the government, will be sold at Rs 25 per kg, starting from this day

Onion Latest Price: A day ago, the government has announced the imposition of heavy duty on the export of onions. Government's efforts to control onion prices are...

The government is constantly interfering to give relief to the common people from inflation. For this reason, tomatoes are being made available to the common people at cheap rates for about a month. Now the government is also going to make onion available at a cheap price. Under this, people will get onion at the rate of Rs 25 per kg.

The sale of onions at a discounted price will start from Monday, 21 August. This sale of onion at a cheap price will be done by the cooperative agency National Cooperative Consumers' Federation of India Ltd (NCCF).

Day before export duty

It was told in a government release that from Monday, NCCF will sell onions at a concessional rate of Rs 25 per kg. Earlier on Saturday, the government had given information about banning the export of onions. The central government has decided to impose a heavy duty of 40 percent on the export of onions from the country. This ban on exports will remain in force till 31 December 2023.

Steps taken for this

This step of the central government is being seen in connection with the efforts to remove the apprehension of a rise in onion prices. Such apprehensions were being expressed that after tomato, onion can also increase the problems of the common people and from September, a huge increase in its prices can be seen. This is the reason that the government has already speeded up the preparations, so that inflation does not bother people much during the festive season in the coming months.

Government increasing buffer stock

As part of efforts to control onion prices, the government has also increased the limit of its buffer stock. Earlier, the buffer limit for onions was fixed at 3 lakh metric tonnes. After the procurement is done according to the fixed target, the government has now increased it to 5 lakh tonnes. The government has asked both cooperative agencies NCCF and Nafed to buy additional 1 lakh tonnes each.

supply started from buffer stock

On the other hand, the government has started sending onions from the buffer stock to the market. So far, about 1,400 tonnes of onions have been brought to the market from the reserve. This is to meet the demand of onion in the domestic market and to ensure that adequate availability is maintained, so that onion prices in the domestic market do not skyrocket like tomatoes.

Tomato had upset

Before this, the prices of tomatoes have troubled people. In different cities of the country, the prices of tomatoes had reached Rs 200-250 per kg at one time. After that NCCF and NAFED started selling tomatoes at a cheaper rate. Earlier tomatoes were being sold at Rs.90 per kg. Now from today its prices have been reduced to Rs 40 per kg. The rate of retail inflation had crossed 7 per cent in July due to increase in the prices of tomatoes and other vegetables.