Nation

7 months ago

Onion prices soar, centre assures minimum price of Rs 2410 per quintal

Onion prices soar (symbolic picture)
Onion prices soar (symbolic picture)

 

New Delhi (August 22,2023) : Onion prices have soared to Rs 50-60 per kg in retail markets across the country, prompting the government to impose a 40% export duty on the vegetable. The government has also assured farmers a minimum price of Rs 2410 per quintal. The onion market in Nashik, the largest onion trading hub in the country, was shut for the second day on Tuesday due to the high prices. Traders said that they are unwilling to sell onions at the current prices.

The government has said that it is taking steps to increase the supply of onions and bring down the prices. The government has also asked states to take steps to regulate the prices of onions. The high prices of onions have caused widespread distress among consumers. The government has been under pressure to take steps to control the prices.

The government's decision to impose an export duty on onions is likely to impact the export of the vegetable. However, the government has said that the decision is necessary to ensure the availability of onions at affordable prices for consumers. The government has also assured farmers a minimum price of Rs 2410 per quintal. This is likely to benefit onion growers, who have been facing losses due to the low prices of onions. The government is monitoring the situation and is taking steps to ensure the availability of onions at affordable prices for consumers.


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