A shortfall in production of onion in 2023-24 by about 20 percent each during Kharif, late Kharif and Rabi crops over the previous year due to less rains in major producing areas has led to a spike in the prices. The government has bought nearly 71,000 tonnes of onion so far this year for buffer stock. The Centre procured 70,987 tonnes of onion till June 20 as against 74,071 tonnes procured in the same period last year.
The prolonged and extreme heatwave condition currently prevailing over large parts of the country has impacted the production of green vegetables and led to increase in prices of vegetables including tomato, potato and onion. The government will exercise the option of holding or releasing onions from the buffer in order to maintain stability in prices of onion. The procurement price is a dynamic one, linked to prevailing market prices.
Presentation- Dibyabharati Nayak
