Prices of Onion, Tomato and Potato cheaper than last year
Retail price of Onion in Delhi is Rs 44 kg, All India Retail price of Onion is Rs 37.06 kg.Onion prices being also stabilised through Buffer stock operations
The Department of Consumer Affairs has taken up calibrated and targeted release of onions from the buffer on First-in-First-Out (FIFO) principle commenced from last week of August, 2021 guided by the twin objectives of moderating prices and ensuring minimal storage loss.
As a result of which the retail price of Onion in Delhi is viz Rs 44 kg as on 14.10.2021. Similarly in Mumbai, Kolkatta and Chennai are Rs 45 kg, Rs 57 kg and Rs 42 kg respectively. The All India retail prices of Onion on 14.10.2021 is Rs 37.06 per kg while the All India wholesale price of Onion is Rs 3002.25 per quintal.
See Zee Business Live TV Streaming Below:
The releases are targeted towards States/UTs where prices ruled above the all-India average and also where prices are on rising over the previous month. Till 12th October, 2021, a total of 67,3567 MT has been released in major markets such as Delhi, Kolkata, Lucknow, Patna, Ranchi, Guwahati, Bhubaneshwar, Hyderabad, Bangalore, Chennai, Mumbai, Chandigarh, Kochi and Raipur. In addition, Grade-B onions (stocks which are below the Fair Average Quality - FAQ) are disposed in local markets in Maharashtra, Madhya Pradesh and Gujarat.
Apart from releasing in the market, the Department of Consumer Affairs has offered onions from the buffer at Rs.21/kg to all the States and UTs for lifting from the storage locations.
This would enable States/UTs to take up, by themselves, market interventions either through direct supply to retail consumers through retail outlets or release in key markets to bring down prices. The stocks are also available for supply to Central/States agencies involved in retail marketing either at ex-storage rate of Rs.21/kg or at landed price after including transportation costs. SAFAL has been offered at landed price of Rs.26/kg.
Onion buffer has been maintained by the Department of Consumer Affairs under the Price Stabilization Fund (PSF) with the objective of effective market intervention to moderate prices. In 2021-22, against the target of building 2 LMT Onion buffer a total of 2.08 LMT was procured from Rabi-2021 crop during April to July, 2021.
Similarly efforts are being made to soften the prices of potato and tomato. The retail price of Potato and Tomato in Delhi are Rs 20 and Rs 56 kg respectively. The All India Retail price of Potato and Tomato are Rs 21.22 kg and Rs 41.73 kg respectively. The All India Wholesale price of Potato and Onion are Rs 1605.46 per quintal and Rs 3361.74 per quintal respectively.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.