Onion prices Rs. 50 in retail, Government will take action soon. Due to the sharp rise in onion prices in the wholesale market, the retail market has now begun to skyrocket. On Thursday, the retail price of onion in West Bengal’s capital Kolkata has been recorded at 50 rupees per kg. It is believed that at the rising prices of onions the government can take action soon. The government is in the process of rigid exports of onion exports. Minimum export price can be levied onion soon.Government will take action soon
The sources told CNBC-Voice that sources of onion exports are preparing for the strictness. Under this, the minimum export price can be levied on onion soon. Let me tell you that onion prices have increased only by record exports. In the year 2016-17, a record of 34.92 lakh tonnes of onion was exported, while in the year 2017-18, 3.2 lakh tonnes of onion has been exported. From December 2015 onward the onion is being exported without any condition.Onion prices are the highest in 21 months
Talking about the wholesale market, the biggest market in the country for the onion business, on average, the average price of onions increased to 24.50 per kg in Thursday in Lasalgaon of Maharashtra, which is the highest in 21 months.Do not expect relief before September!
Due to limited supply in the mandis, prices of onion are being seen, according to the agricultural experts, in the arrival of onions born in the Kharif season, there will be no increase before September, so that there may be pressure on supply. In this situation, the prices of onion may increase further. This year, the yield of kharif onion is also being projected to be lower. However, in the retail market, only onion prices have reached this level in Kolkata; prices are far lower than many other markets in the country. On Thursday, retail prices of onion in major retail markets remained in this way.
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