India has been facing rising onion prices for the last few days. But now, onion prices have started dropping. In a first batch, 7000 tonnes of onions were imported. As the prices of onions still did not fall, the Indian government approved Nafed to import another 23,000 tonnes of onions.
The main reason for the fall in onion prices is the arrival of these new onions in the market. The imported consignment of onion from the foreign markets was left by the government in the Indian market and the onion of the farmers was rotting ahead of time due to rain, due to which the farmers are not getting good onion prices.
There is a slight drop in the prices of potatoes. After October 20, the potato which was selling 70 rupees per kg. Now its price has come down to 45-50 rupees per kg. But for now, control of onion prices could not be achieved. Only after the arrival of new crop or imported onion in Indian markets, there will be a decrease in onion prices. At the same time, the government claims that before the festival of Deepawali, onion prices will be controlled and cheaper onions will become available.
[ Rs100 = €1.20 ]