Centre asks states to take firm action against onion hoarders
New Delhi: The Centre Tuesday said the price spike in onions is due to artificial scarcity and asked the state governments to take firm action against hoarders.
Onion crisis is continuing since last three months and retail prices have risen back to Rs 80-90/kg in Delhi and other major cities because of severe supply crunch.
"We have enough onion stock in the country. The state governments must act firmly against hoarders who are hoarding onions which has led to the artificial scarcity and sharp escalation of prices," Commerce Minister Anand Sharma told reporters here.
Onion prices are expected to stabilise with arrival of kharif crop in the coming days and late kharif crop in December, he said.
Inflation is a matter of "serious concern," Sharma said, adding that it has risen driven up by vegetables like onion and food items. "We hope it is temporary, seasonal and will settle down".
Asked if the government is considering revising the minimum export price (MEP) of onion, Sharma said: "This time due to the situation, we have fixed MEP on onion... When the situation will improve, we will revisit our decision."
India consumes 88 per cent of the total onion production and exports 10 per cent of it, he added. Currently, MEP stands at USD 900 per tonne.
More from India
More from World
More from Sports
More from Entertaiment
- Bird flu grips nation, Delhi worst affected
- I pay my tribute to martyr Naresh Pal: PM Narendra Modi
- Some people are creating confusion between me and my father: Akhilesh Yadav
- Ramgopal Yadav writes to SP workers after Akhilesh Yadav suspends Shivpal Yadav
- Ramgopal Yadav writes letter to SP party workers after Akhilesh Yadav sacked Shivpal Yadav
- India vs New Zealand, 3rd ODI: As it happened...
- This is why Cyrus Mistry was removed as Chairman of Tata Sons!
- Prompt action on border pushes Pak to offer olive branch, says both sides need to 'formalise' 2003 ceasefire
- 7th Pay Commission: Committee on Allowances proposes hike in HRA for central govt employees
- Tata Sons removes Cyrus Mistry as Chairman; Ratan Tata interim boss for 4 months