Live
- Supreme Court orders liquidation of Jet Airways
- Hema Committee report: Kerala HC appoints amicus curiae to assist Govt in framing policies for women
- Mahindra clocks 13 pc jump in Q2 net profit as SUV, tractor sales surge
- India’s nutraceutical industry eyes global growth with support from Ayurveda: Centre
- Centre doubles penalty for stubble burning amid rising air pollution in Delhi-NCR
- Govt to give facelift to GGH, boost infra in PHCs
- No Uranium mining in Kappatralla village, Collector assures residents
- Fire erupts at private hospital in Nandyal, no casualties
- iOS 18.2 Public Beta Unveils New AI Features for iPhone Users Worldwide
- 'Act of stupidity': BJP condemns resolution for Article 370 restoration in J&K
Government strategy works, onion prices may decrease
The government’s strategy to reduce skyrocketed onion prices has finally paid off.
Bengaluru: The government’s strategy to reduce skyrocketed onion prices has finally paid off. As a result of the government’s efforts, the price of onion in the wholesale market has come down from Rs 55 to Rs 50. However, the price in retail shops has not come down yet.
Retail shops are selling 5 kg onion at Rs 390- Rs 400, expecting the price hike to increase further. Farmers in Karnataka and Maharashtra were expecting an increase in the price due to availability of onion crop. A few days ago, the news that onion was sold at Rs 100 per kg in Vijayapur brought happiness to these farmers.
A wholesaler of APMC in Bengaluru, Ravi said that after hearing the news that the price of onion will cross Rs 100 per kg, the growers had withdrawn from delivering onions to the markets. The government intervened and brought down the price. Onion price in retail shops will soon come down to Rs 25. Now the worried farmers have said that they are supplying the onions to the market again. Farmer leader Kuruburu Shanthakumar said that since there are elections in five states, the government is following the ‘price break’ policy. “We don’t say they are wrong, but work should be done keeping the vulnerable farmer in mind. Shouldn’t there be a minimum price guarantee for crops whose prices are so low? Considering the shortage of onions, the farmer has lost the opportunity to make money, he said.
If the price does not rise in the next few days, the price will remain stable for the next four weeks. Experts said that elections will not be the main factor this time.
