Centre asks Maha govt to crack down on hoarding at Lasalgaon

Image
Press Trust of India New Delhi
Last Updated : Aug 24 2015 | 7:22 PM IST
Concerned over spiralling onion prices, the Centre today asked the Maharashtra government to take strict action against hoarders for improving supply at Lasalgaon wholesale market in Nashik where rates have touched almost Rs 60 per kg.
Lasalgaon, the Asia's biggest wholesale market for onion, normally sets price trend for the rest of the country. The largest onion growing state of Maharashtra contributes 30 per cent to India's total output of 18.9 million tonnes of onion.
A similar direction has been issued to other state governments as well.
"We have written a letter to the Maharasthra Chief Secretary expressing concern over rising prices. We have asked to send officials to Lasalgaon to check onion availability and take adequate measures against hoarders," Consumer Affairs Secretary C Vishwanath told reporters here.
Wholesale onion prices at Lasalgaon have increased to around Rs 60 per kg now as against Rs 15-16 per in the year- ago period, as per the official data.
Union Food and Consumer Affairs Minister Ram Vilas Paswan today reviewed the onion prices issue and directed the officials of his Department as well as Agriculture Department to take "quick action" to bring prices under control.
A separate meeting was held with stakeholders -- SFAC, NAFED, MMTC, Mother Dairy and the Delhi government -- to discuss ways to boost supplies and curb price rise.
In the meeting, state-run MMTC, which has floated a tender for importing 10,000 tonnes of onion, informed that the shipments can be brought by September 10.
"After detailed discussion, it was decided that joint surveillance teams of Departmental Consumer Affairs and Departmental Agriculture will inspects the centres where onions are being distributed in Delhi to check on the quality, quantity and prices," Vishwanath said.
Wholesale onion prices at Lasalgoan have been rising unabated in the last few weeks due to lower arrival of the commodity into the mandis in the wake of production shortage.
Consequently, retail prices have risen sharply across the country and are currently ruling around Rs 80 per kg.
To check rising prices, the Centre has asked MMTC to import onions and has also raised minimum export price of the commodity to USD 700 per tonne from USD 425 per tonne to restrict overseas sale.
That apart, central agency SFAC and Nafed are supplying onions at subsidised rate in Delhi markets below Rs 40/kg.
Total onion production is estimated at 189 lakh tonnes in 2014-15 crop year (July-June), slightly lower than 194 lakh tonnes, in previous year.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 24 2015 | 7:22 PM IST

Next Story