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Over the last two weeks, wholesale and retail prices have more than doubled in several markets across India, including the largest wholesale onion market in Nashik.
The government had nearly doubled its buffer stock target to 1 lakh metric tonnes after last year’s price rise, but so far, it has only procured 45,000 MT.
Excess monsoon destroyed the kharif onion crop, but there was much administrative failure that led to the prices crossing Rs 150 per kg.
Onion prices have surged across India again, ranging from Rs 90 per kilo to Rs 200 per kilo.
NAFED stored its buffer stock of 57,372 MT onions using traditional methods as opposed to cold storage. Over half of it got destroyed due to moisture & rain.
On average each day in October, only 3,200 metric tonnes of apples came from Kashmir to Azadpur Mandi compared to 18,250 metric tonnes in the same period last year.
Minister Ram Vilas Paswan says govt reluctant to impose stock limit as it could severely hit income of farmers in Maharashtra by bringing down prices.