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Centre bans onion export, imposes stock holding limit to check price rise

Earlier, it had authorised states to impose stock limits for certain items under the Essential Commodities Act

Onions being sold in a market
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The price of onions has over the past month soared to almost Rs 80 a kg in some retail markets, including in the capital, Delhi

Sanjeeb MukherjeeDilip Kumar Jha New Delhi/Mumbai
To control onion prices ahead of the festive season, the central government banned its export with immediate effect. And, perhaps for the first time, directly imposed a stock holding limit on retailers and wholesalers across the country, bypassing state governments.
 
Earlier, it had authorised states to impose stock limits for certain items under the Essential Commodities Act. However, in an unusual move on Sunday, directly imposed a holding limit of 100 quintals on retailers and 500 quintals on wholesale onion traders across the country.
 
The price has over the past month soared to almost Rs 80 a kg

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First Published: Sep 30 2019 | 1:26 AM IST

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