Government Takes Swift Action to Stabilize Surging Onion Prices

Amid rising onion prices, the government is actively managing supply by releasing more from its buffer stock. Efforts are being made to enhance market stability with increased transportation and distribution, particularly around festival seasons. The government is also monitoring tomato prices, which are currently on the decline.

In response to soaring onion prices, the government announced measures to stabilize the market through increased supply from buffer stocks. On Tuesday, officials reported the retail price in the national capital reaching Rs 67 per kg, with the all-India average price at Rs 58 per kg.

To tackle these figures, co-operative NAFED is sending additional supplies to Delhi-NCR and Guwahati. The government is augmenting onion dispatches by both rail and road to ensure adequate local availability, especially during festivals and market closures.

Simultaneously, cold storage onions from Sonipat are being circulated across northern regions. The focus on onion supply forms part of a broader initiative, which sees consistent monitoring of other commodities, such as tomatoes, whose prices have seen a significant drop recently.

(With inputs from agencies.)