India may import onion as prices soar to Rs.90 per kg

India may import onion to stabilise prices that have soared to Rs.90 per kg in the national capital, Commerce and Industry Minister Anand Sharma said Tuesday.

Talking to reporters on the sidelines of an event here, Sharma blamed hoarders for the recent spike in prices.

"We will import onion if there are proposals and requirements so that we can stabilise the prices," he said.

However, the minister emphasised that there was enough stock of onion in the country.

"We have enough onion stock in the country and the state governments must act firmly against the hoarders who are hoarding the onions which has led to the artificial scarcity and sharp escalation of prices," Sharma said.

He also expressed hope that the prices would stabilise with the arrival of fresh domestic products by December-end.

Onion prices soared to Rs.90 per kg in the national capital and they are being sold at around Rs.80 per kg in other parts of the country. The prices have more than doubled in the past four months.