In order to prevent prices from reaching triple digits before the festive season, the Center, through National Cooperative customers’ Federation of India Limited (NCCF), would begin selling onion to customers from Monday at a discounted rate of 25 rupees per kg through retail stores and mobile vans, Live mint reported.
Also Read: Bengaluru police catches a biker with 40 traffic cases, makes him clear dues on spot
It imposed a 40% duty on onion exports on Saturday to improve domestic supplies and tame inflation during the upcoming festival season. The government will sell onions at a concessional rate from its buffer stock of 300,000 tonnes. The department concerned, i.e. consumer affairs, on Sunday directed NCCF and NAFED to procure additional 100,000 tonne onion each to achieve the additional procurement target alongside calibrated disposal of the procured stocks in major consumption centres.
The government earlier this month decided to release onions from the 300,000-tonne buffer created this year as part of the price stabilization fund (PSF) to cool onion prices amid the broader trend of rising vegetable costs and so far, dispatched about 1,400 tonnes in states and UTs where retail prices are above the all-India average or are significantly higher than the previous month.
