Onion prices at peak, four-year record broken
Onion prices at peak, four-year record broken

New Delhi: Efforts by the government since June this year to keep onion prices under control are proving to be a failure as onions have started making the common consumers of the country cry. The wholesale price of onions in Azadpur mandi, in the national capital, Delhi has gone up to Rs 50 per kg, which is the highest level since 2015. At the same time, in Lasalgaon, Maharashtra's largest onion market, onion is being sold at Rs 50 per kg.

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Traders have said that onion stock in the country is extremely low, due to which the arrival in the mandis is decreasing. Onion prices are rising due to less inward consumption. Businessman of Azadpur Mandi and President of Onion Merchant Association, Rajendra Sharma has said that due to heavy rains in the regions of South India, onion prices are getting more support due to the possibility of onion crop getting delayed and delay in preparation of new crop. is. Sharma has stated that earlier in 2015, onion prices had gone above Rs 50 a kg.

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To keep the price of onion under control, the government last week fixed its minimum export price (MEP) at $ 850 per tonne so that the ban on exports does not reduce the supply of onions in the country's markets. According to the Directorate General of Foreign Trade (DGFT) notification dated 13 September, exports of onions at a price not less than $ 850 per ton (FOB) will be allowed until the next order comes in this regard.

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