Indian government to offload 50,000 tons of buffer stock onions

The Indian government will offload about 50,000 tons of onions from its buffer stocks to a few cities like Delhi and Guwahati, as retail prices there are higher than the all-India average rates. In order to stabilize onion prices, the government is maintaining a buffer stock of 250,000 tons of onion.

Sources said that the department of consumer affairs will sell 50,000 tons of onions to cities like Delhi and Guwahati from its buffer stocks. There are many cities where prices are higher than the all-India average rates, they added. The all-India average prices of onions stood at Rs 26 per kg on Tuesday.

Source: business-standard.com


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