Special: As onion prices cross Rs 100/kg mark in many states, state authorities may take drastic action
The central government may direct state and Union Territory authorities to take strict action against vigilantes and middlemen amid reports that the selling price of this kitchen staple has crossed Rs 100 per kg in many districts across the country, Zee Business has learned from sources. The institute is being studied to closely track the demand, supply and price trends related to onions in different parts of the country.
UPDATE: Onion prices rise in markets in Delhi, Mumbai, Lucknow leaving buyers in distress
There is a glut of onions in the markets when the arrival of Kharif-related produce begins, according to sources.
On Tuesday, a special Kanda Express train carrying onion cargo up to 840 million tonnes (MT) from the National Agricultural Cooperative Marketing Federation of India (NAFED) is scheduled to arrive in the national capital.
UPDATE: Government increases onion import by using railways to control prices; 840 tons reached Delhi
The food cooperative uses this special train to supply onions to different parts of the country.
Analysts say that the arrival of new products will bring down onion prices in Delhi.
The development comes after it was learned that onion prices have crossed the Rs 100 per kg mark in many parts of the national capital.
Authorities are closely monitoring onion prices, amid allegations of speculative activities, including money laundering, according to sources.
UPDATE: RBI unlikely to cut soon, despite inflation likely to cool, says India Ratings
The government keeps monitoring the prices of essential commodities in different parts of the country and takes steps to ensure fair prices for consumers.
The agricultural season of the country is mainly divided into two parts: Kharif and Rabi.
Generally, the Kharif season starts in July and ends in October while the Rabi season starts in October and ends in March.
UPDATE: Retail inflation, factory output data to be released at 4 pm instead of 5:30 pm
Crops grown during the Kharif season are usually heavily dependent on monsoon rains.
