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Onion price reaches Rs 80 per kg in Delhi
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Onion price reaches Rs 80 per kg in Delhi, See complete information

Onion price reaches Rs 80 per kg in Delhi

Onion price reaches Rs 80 per kg in Delhi

A serious problem is quietly rising in the bustling markets of Delhi-NCR – The price of onion. Over the past two weeks, the price of this essential kitchen item has skyrocketed, causing significant economic distress for families across the country. This blog post highlights the alarming surge in onion prices, the reasons behind it and what the future holds for this vital commodity.

Onion price reaches Rs 80 per kg in Delhi: Onion prices are increasing

As of October 29, the all-India average retail price of onion has increased to around Rs 48 per kg, with the maximum retail price reaching Rs 83 per kg in some markets. In the Delhi-NCR region, the price has reached Rs 80 per kg, an alarming increase of 100 per cent in just a fortnight. This huge increase continues despite the government’s efforts to provide subsidized onion at Rs 25 per kg.

Onion price reaches Rs 80 per kg in Delhi: Factors promoting surge

Onion price reaches Rs 80 per kg in Delhi

Several factors have come together to cause onion prices to rise in Delhi-NCR:

A. Reduction in production: Adverse weather conditions have disrupted Kharif onion cultivation, leading to delays in sowing and cultivation. This resulted in reduced onion production and delayed harvest. Delay in Kharif onion cultivation emerges as the primary contributor to the steep increase in wholesale and retail prices.

B. Festive Season Demand: Festive season often sees an increase in demand for various commodities including onion. This increased demand put further pressure on the already limited supply, causing prices to rise. As families prepare for celebrations and feasts, the need for onions increases in various culinary preparations.

Onion price reaches Rs 80 per kg in Delhi: When can we expect relief?

The current onion price crisis is expected to continue for at least the next two months i.e. till December. The future price scenario depends on government intervention, especially in distributing onions at subsidized rates in high consumption areas.

A. Government Initiative: To deal with the situation, the government is releasing buffer stock of onion in the market since mid-August. These onions are made available at a subsidized rate of Rs 25 per kg through cooperative organizations like National Cooperative Consumers Federation (NCCF) and National Agricultural Cooperative Marketing Federation of India Limited (NAFED).

B. Buffer Onion Strategy: Ministry of Consumer Affairs, through NCCF and NAFED, is maintaining a buffer onion stock of 5 lakh tonnes for the financial year 2023-24 and plans to procure additional 2 lakh tonnes of onions in the coming days . These efforts are aimed at stabilizing prices, providing relief to consumers and ensuring availability of onion at affordable rates.

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