IANS | 30 Oct, 2023
The weighted average price of onion in Maharashtra across all the
markets has declined by 4.5 per cent and similar decline was observed in
consumption centres as well after the increase in the minimum export
price, the Ministry of Consumer Affairs said on Monday.
"The Government’s decision to impose Minimum Export Price of
$800/ton on onion with effect from 29th October 2023 till 31st December
2023 to discourage exports and maintain availability in domestic markets
has shown an immediate impact of price correction in Maharashtra
markets, where prices recorded a decline of 5 per cent to 9 per cent
from the highest price registered during last week," an official
statement said.
“In view of increasing demand in the month of
November, the Department of Consumer Affairs and Food Distribution has
started releasing Onion Buffer stock into the market both through mandi
sale and discounted sale to retail consumers at centres of high prices.
This includes retail sale through 685 Mobile retail outlets covering
over 170 cities,” the statement added.
The NAFED and the NCCF have
also started procuring additional 2 LMT onion of kharif harvest to be
distributed in high price centres to keep the onion prices under
control.
