Onion prices on a higher side; admn steps in to check hoarding
In last about a week the onion prices in the city have gone up by nearly 30%. Though there are indications that the prices will go up further, the UT administration has stepped in to keep a check on the prices and hoarding, if any, of onion as well as potatoes.chandigarh Updated: Jun 22, 2014 23:32 IST
In last about a week the onion prices in the city have gone up by nearly 30%. Though there are indications that the prices will go up further, the UT administration has stepped in to keep a check on the prices and hoarding, if any, of onion as well as potatoes.
The traders from the Sector-26 grain market say disruption in supply of onion and potatoes remains the major reason behind the price hike. They maintained that there is no hoarding and the prices have risen as the demand is much more than the supply. The main supply of onion comes from Nasik in Maharashtra. Owing to the unseasonal rain and hailstorm, the crop has been affected, resulting in the reduced supply as compared to the demand.
At the main vegetable market in Sector 26, the prices are still under control. While the wholesale price per kg has been Rs 22 and the retail rate is Rs 28, regular vendors are charging much more and there is no mechanism to regulate the same. Regular vendors are selling onion at Rs 35 a kg and the new crop of potatoes for Rs 30 per kg. The prices with the local vendors about a fortnight ago were Rs 25 and Rs 20 per kg, for onion and potatoes, respectively.
Satya Gopal, secretary, food and civil supplies and consumer affairs, UT, also held a meeting on the prices of onion on Saturday. While chairing the meeting, he said though there is no panic in Chandigarh regarding the availability of onion or potatoes and their prices, the administration should be ready to control the prices of these commodities.
He had stated that the administration will be conducting raids to ensure that there is no hoarding of these commodities at the Sector-26 grain market.