Onion prices in India have risen again, prompting the government to sell onions from its stockpile at subsidized rates to control costs. This initiative comes as allegations arise that recent changes to export regulations have contributed to rising prices. The government aims to sell onions at 35 rupees per kilogram across the country, especially in regions where prices exceed the national average. Starting September 5, onions have been sold in various state capitals at this subsidized price. As prices climbed following the removal of minimum export prices, Delhi now sees onions priced at 55 rupees per kilogram, up from 38 rupees a year ago, with Mumbai and Chennai prices at 58 and 60 rupees, respectively. In West Bengal, prices range from 70 to 80 rupees. While the government plans to distribute onions through cooperative organizations, skepticism remains about the effectiveness of this measure in reducing prices. Recently, restrictions on onion exports were also eased, further complicating the situation for consumers, as the government balances the interests of farmers with the rising cost of living for buyers. The outcome of these decisions is yet to be seen.
Source for more details:
