Nashik onion traders call off strike
   
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Nashik onion traders call off strike

Last Updated: Tuesday, June 17, 2014, 18:24
 
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Nashik onion traders call off strike
Zee Media Bureau

New Delhi: Onion traders in Nashik on Tuesday evening called off their strike after the government assured them that their demands will be fulfilled by July 10.

Onion trade at the over 20 wholesale markets in Nashik, where traders purchase onions from farmers, came to a standstill owing to the agitation.

Meanwhile, concerned over rising onion rates, the government today imposed a minimum export price (MEP) of USD 300 per tonne on the kitchen staple to curb overseas sales and check retail prices.

Onion prices have risen to about Rs 25-30 per kg in the national capital from Rs 15-20 per kg a fortnight ago.

The MEP, which is the rate below which no exports are allowed, has been re-introduced barely three months after the previous government in March had abolished it.

Rising prices of essential food items like vegetables, fruits and cereals, pushed up wholesale price index based inflation to five-month high of 6.01 percent in May.



First Published: Tuesday, June 17, 2014, 18:17


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