Following an increase of 57 percent in the average cost of onions, which was a whopping the price of Rs 47 for a kilogram The Indian government has taken the decision to boost the price of buffer onions for the subsidized price of Rs 25 per kg at market retail.

In the report by indiatoday.in, the total retail cost of onions increased from 30/kg within the same period of last year. The capital city of the country The retail cost of onions rose to Rs 40 per kg on the same day in comparison to Rs 30/kg prior to the current year.

Secretary of Consumer Affairs Rohit Kumar Singh has said that buffer onions are put on the market since mid-August and the government is accelerating distribution at retail to stop any further price hikes and offer relief for consumers.

Onion costs up to 60% within two months in two weeks Lasalgaon APMC

The cost for wholesale of onions has experienced an increase of up to 60% over the past fortnight from the Lasalgaon APMC. The price has seen an 18 per cent increase over the last week. On Wednesday, the highest cost of the finest quality onions reached Rs 50/kg in Delhi along with several Maharashtra markets. The price of onions is expected to rise until December, when the new crop of kharif will be available for sale following a delay of nearly two months. A decrease in the amount of onions being sold is the main reason for the rise in prices.

“Rs 100 equals EUR1.10 (Rs 100 is EUR1.10)

Source: deccanherald.com