Temperature 33.54 C New Delhi, IN
Monday, August 10, 2020
No Image

Rise in Prices of Onions

New Delhi: The year-wise and month-wise average prices of onion, including during the last three months, is at Annexure.

Prices of food items are inter-alia affected by mis-match in demand and supply, shortfall in production owing to adverse weather conditions and seasonality, increased transportation cost, supply chain constraints like lack of storage facilities, artificial shortage created by hoarding and black marketing, etc. Untimely and prolonged rains during month of September and October, 2019 caused damage to Kharif onion crop leading to short supply and increase in its prices.

Several steps such as creation of onion buffer of about 57,373 MT during Rabi 2019, withdrawal of incentive on export of onions under Merchandise Exports from India Scheme (MEIS) w.e.f. 11.06.2019, imposition of Minimum Export Price (MEP) of $850/MT on 13.9.19 and subsequent ban on exports of onions since 29.09.19, facilitation of import by private traders, imposition of stock limit on onion traders, approval for import/procurement of 1.2 lakh MT of onion etc., have been taken by Government to curb price rise.

This information was given in a written reply by the Minister of State for Consumer Affairs, Food & Public Distribution, Danve Raosaheb Dadarao in Rajya Sabha yesterday.

ANNEXURE

All-India monthly average retail and wholesale prices of onion during last three years Retail Prices (₹ per kg)

Months 2017 2018 2019
January 14.84 42.69 18.03
February 14.61 35.12 16.48
March 14.52 26.18 15.87
April 14.36 19.28 16.25
May 14.07 16.72 16.96
June 14.56 17.78 19.04
July 15.04 21.02 21.11
August 26.02 21.60 24.82
September 26.58 20.60 38.30
October 30.11 21.41 47.02
November 39.07 22.02 61.08
December 43.44 19.36 82.17*
Annual Average 22.27 23.65 31.43
Wholesale Prices ( per qtl.)
Months 2017 2018 2019
January 1105.87 3517.81 1340.56
February 1075.55 2862.89 1211.99
March 1070.99 2047.78 1142.17
April 1050.96 1466.91 1202.01
May 1014.80 1250.93 1271.48
June 1049.06 1340.90 1458.92
July 1079.22 1618.80 1633.96
August 2023.40 1666.86 1991.04
September 2061.55 1573.00 3200.87
October 2392.32 1646.47 3980.88
November 3197.39 1710.03 5243.53
December 3549.30 1455.93 7186.55*
Annual Average 1722.53 1846.53 2572.00

Source: State/UTs Civil Supplies Departments; * – up to 4th Dec., 2019

(Please share your experience, interesting news articles and case studies at smartagripost@gmail.com)

Leave a Reply

avatar
  Subscribe  
Notify of