Onion prices: Paswan warns hoarders, says adequate stock

Onion prices: Paswan warns hoarders, says adequate stock

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New Delhi: People queue up to buy onions in front of Krishi Bhavan in New Delhi
New Delhi, Sep 24 (IANS) Union Food and Consumer Affairs Minister Ram Vilas Paswan on Tuesday warned hoarders and black marketers of strict action as onion prices soared across the country due to supply disruptions due to floods in Madhya Pradesh, Maharashtra and some southern states.
"I want to inform hoarders that we have a buffer stock of 50,000 tonnes. Affected states can boost their supply through agencies like Nafed and National Cooperative Consumers Federation Ltd," Paswan said at a press conference, indicating that the government is taking measures to keep the prices under control.
Onion prices have skyrocketed in the last one month due to short supply from flood-hit onion-growing states like Maharashtra and Karnataka.
Last week's rainfall has further aggravated the problem, due to which onion prices have surged up to Rs 70-80 per kg in the national capital and other parts of the country.
The state governments have been asked to boost supply in their states lifting the central buffer stock, Paswan said.
"The situation in Maharashtra is very bad. There is no transportation. We have 50,000 tonnes as buffer stock. 15,000 tonnes are out. 35,000 tonnes we still have. All states government can buy from us at reasonable price to meet the demands," he said.
Meanwhile, National Agricultural Cooperative Marketing Federation of India Ltd (Nafed) has boosted supplies of onion to government agencies which have started selling it in open market at low prices.
People queued up outside the Agriculture Ministry here on Tuesday, to buy onions at Rs 24 per kg.
"In our area, onion is selling at Rs 60-70 . Here I can buy it for Rs 24 per kg. Its a big relief," said a woman standing in the queue.
According to sources in agricultural produce market committee of Azadpur (APMC) mandi, the onions sold at Rs 22.50-42.50 per kg in wholesale market.
Total arrivals of onion at Azadpur mandi on Tuesday were recorded at 1,506.50 tonnes, a slight increase of 136 tonne from the previous day. This is likely to cool down the prices in coming days.

(This story was auto-published from a syndicated feed. No part of the story has been edited by The Quint.)

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