Advertisement

HindustanTimes Sat,20 Dec 2014

Centre asks states to take firm action against onion hoarders

PTI  New Delhi, October 22, 2013
First Published: 16:25 IST(22/10/2013) | Last Updated: 16:29 IST(22/10/2013)

The Centre said on Tuesday that 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 % of the total onion production and exports 10% of it, he added. Currently, MEP stands at $900 per tonne.


Advertisement
more from New Delhi

Delhi: Schools on alert after Peshawar

The terror attack that killed over 130 students in Pakistan’s Peshawar has jolted city schools into taking all possible measures to tighten security in and around their campus. Many schools reported a drop in attendance after the attack.
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved