Last week, India’s federal government released buffer stocks of onions in the markets of Delhi, Kolkata, Lucknow, Patna, Ranchi, Guwahati, Bhubaneswar, Hyderabad, Bengaluru, Chennai, Mumbai, Chandigarh, Kochi and Raipur. Onions were also shipped to local markets of Maharashtra, Madhya Pradesh and Gujarat.
Some 111,000 tons of onions have been released in these major markets of the country and according to the Consumer Ministry data, the Centre’s intervention of releasing buffer stock onions has helped bring down retail prices by Rs 5-12 per kg.
Following the release, Delhi’s retail onion prices have gone down from Rs 49 per kg on 20th October to Rs 44 per kg on 3rd November, similarly, Mumbai – from Rs 50 per kg to Rs 45 on 14th October, Kolkata – from Rs 57 to Rs 45 per kg on 17th October, and Chennai – from Rs 42 to Rs 37 per kg on 13th October.
[ Rs100 = €1.10 ]