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Onion prices likely to cool with new kharif crop arrival, says official

Business Standard LogoBusiness Standard4h ago

Onion prices likely to cool with new kharif crop arrival, says official - Business Standard

Quick Summary:

The government is disposing of the buffer stock onion in the retail market at a subsidised rate of Rs 35 per kg in Delhi-NCR and other cities to provide relief to consumers from high prices.

According to the ministry official, the buffer stock onion is being transported to key consuming centres through railways for the first time and is helping boost the supplies.

Currently, the average all-India retail price of onion is ruling at Rs 54 per kg and the prices have declined in the past one month after the government's subsidised sale of onion in key consuming centers, the official said.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 15:33:17 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 383 words

Reading Time: 3 minutes read

Sentences: 13 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23568836

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About Business Standard

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 285 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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