Cyclone Tauktae in May increased moisture in stored rabi onions, and now kharif crop is expected to be delayed, leading to shortfall in supply as demand rises in festive season.
As of 31 July, agencies have procured over 1.8 LMT of onions — 90% of the aimed buffer stock. This will help price stabilising market interventions should they be needed.
Govt agency officials are worried that Cyclone Tauktae and then monsoon rains will increase moisture content, making a large quantity of onions useless as buffer stock.
Retailers can stock onions only up to 2 tonne, whereas wholesale traders are allowed to keep up to 25 tonne, Consumer Affairs Secretary Leena Nandan said.
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ISRO’s LMV3 rocket set off the CMS-03 satellite from Sriharikota Sunday. It weighs 4,410 kg, will primarily serve Indian Navy and has a life of at least 15 years.
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