Onion prices may not pinch next month | Latest News Delhi - Hindustan Times
close_game
close_game

Onion prices may not pinch next month

Hindustan Times | ByVarghese K George, New Delhi
Jan 25, 2011 02:39 AM IST

By the first week of February, fresh onion harvest from within India will hit the Delhi market, adding to the 400 tonnes imported from Pakistan that has already reached, said union minister for food and consumer affairs, Prof K V Thomas.

By the first week of February, fresh onion harvest from within India will hit the Delhi market, adding to the 400 tonnes imported from Pakistan that has already reached, said union minister for food and consumer affairs, Prof K V Thomas.

HT Image
HT Image

“Onion prices are expected to return to the range of pre-crisis market by then,” Thomas, who has been given independent charge of the ministry in last week’s reshuffle, said.

Hindustan Times - your fastest source for breaking news! Read now.

Currently onions are selling at Mother Dairy outlets at R 34, down from the peak of R65 on December 25, 2009. Mid-December it has been selling between R 23 and R 25.

India will get 1,000 tonnes of the tuber crop from Pakistan. The import and the expected harvest will soften the prices, the minister said. “The panic buying has stopped and hoarders have released stocks,” Thomas said.

The centre has convened four zonal conferences to coordinate efforts of the states to rein in prices. It will start with Thiruvanthapuram on February 3 , followed by Kolkata, Mumbai and Delhi.

Unveiling 'Elections 2024: The Big Picture', a fresh segment in HT's talk show 'The Interview with Kumkum Chadha', where leaders across the political spectrum discuss the upcoming general elections. Watch now!
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Thursday, March 28, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On