You are here: Home » Current Affairs » News » National
Business Standard

Prices of onion, tomato and potato cheaper than last year, says govt

Onion prices being stabilised with buffer stock release; efforts on to soften tomato, potato rates, says govt

vegetable prices | onion price

Press Trust of India  |  New Delhi 

A vendor sits on the sacks of onion as he waits for customers at a vegetable market in Ahmedabad (Photo: Reuters)

Amid a rise in prices of three key vegetables, the Centre on Sunday said onion prices are being stabilised with the release of buffer stock, while efforts are on to soften the rates of tomato and potato.

Onion stocks are being released in the market on the first-in-first-out basis in a calibrated manner from the last week of August in a bid to moderate prices and ensure minimum storage loss, it said.

As a result of this, the retail was ruling in the range of Rs 42-57 per kg in metros on October 14. The all-India average retail price of onion was ruling at Rs 37.06 per kg, while the average wholesale rate was Rs 30 per kg on October 14, it added.

In retail markets, onion was ruling at Rs 42 per kg in Chennai, Rs 44 per kg in Delhi, at Rs 45 per kg in Mumbai and Rs 57 per kg in Kolkata on October 14.

In a statement, the food and consumer affairs ministry said buffer stock of onion is being released in states where prices ruled above all-India average and also where prices are rising over the previous month.

"Till October 12, a total of 67,357 tonnes have been released in major markets such as Delhi, Kolkata, Lucknow, Patna, Ranchi, Guwahati, Bhubaneshwar, Hyderabad, Bengaluru, Chennai, Mumbai, Chandigarh, Kochi and Raipur," it said.

In addition, Grade-B onions (stocks which are below the fair average quality- FAQ) are disposed of in local markets in Maharashtra, Madhya Pradesh and Gujarat, it said.

Besides releasing onions in the market, the ministry has offered onions from the buffer at Rs 21 per kg to all states and Union territories for lifting from the storage locations.

This will enable states to take up, by themselves, for market interventions either through direct supply to retail consumers through retail outlets or release in key markets to bring down prices.

The ministry further said the onion stocks are also available for supply to central and state agencies involved in retail marketing either at an ex-storage rate of Rs 21 per kg or landed price after including transportation costs.

Mother Dairy's retail chain SAFAL has been offered at a landed price of Rs 26 per kg.

The government is maintaining an onion buffer under the price stabilisation fund (PSF) with the objective of effective market intervention to moderate prices.

In 2021-22, about 2.08 lakh tonnes of onion buffer has been created from the 2021 rabi crop from April to July 2021, against the target of two lakh tonnes.

"Similarly, efforts are being made to soften the prices of potato and tomato," the ministry said.

The average all-India retail price of tomato was ruling at 41.73 per kg, while potato at Rs 21.22 per kg. Whereas, in the wholesale markets, potato prices were ruling at Rs 1,606.46 per quintal, while tomato at Rs 3,361.74 per quintal.

In Delhi, the retail prices of potato and tomato in Delhi were ruling at Rs 20 per kg and Rs 56 per kg, respectively, the ministry said in the statement.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sun, October 17 2021. 19:24 IST