Onion prices in India are anticipated to decrease further due to the arrival of the new kharif crop.Currently, the average all-India retail price of onion is ruling at Rs 54 per kg and the prices have declined in the past one month after the government’s subsidised sale of onion in key consuming centers. The government has a buffer stock of 4.5 lakh tonne of onion, of which 1.5 lakh tonne has been disposed till date.
Rail transportation of buffer stock will continue until the stock is depleted and prices stabilize.Though prices spiked briefly in the last two days due to market closures and a shortage of labor during the festival season, the situation is now improving.With the new crop on the way and production levels expected to rise, a further easing of prices is anticipated.
Presentation- Dibyabharati Nayak
