Onion prices will come down in 15-20 days: Govt

Thomas said effective steps are taken each year to tide over the gap between the demand and supply of onion and control the price

Press Trust of India New Delhi
Last Updated : Sep 07 2013 | 5:21 PM IST
Giving a message of hope to consumers, government today said onion prices will come down in the next 15-20 days with the arrival of new crops from various southern states.

"The prices of onion will come down in 15-20 days. New produce will come into markets from Karnataka and Andhra Pradesh," Food and Consumer Affairs Minister K V Thomas said, replying to a short-duration discussion on the abnormal rise in the prices of onion and other essential commodities.

Admitting that onion price normally goes up during the July-October lean period, he said during the Rabi season of March-June, 60% of the country's total onion is produced.

The rest is produced during the Kharif season of October- December and late Kharif season of January-March period.

Thomas said in discussion with states, effective steps are taken each year to tide over the gap between the demand and supply of onion and control the price.

Admitting that hoarding takes place, he said states including Gujarat, Andhra Pradesh and Uttar Pradesh have arrested such unscrupulous traders under the the Essential Commodities Act.

Naresh Agrawal (SP) had demanded a discussion on the high onion price issue.
*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: Sep 07 2013 | 5:10 PM IST

Next Story