Onion prices start sliding marginally

Onion prices fell further by about R10 in the retail markets of major metros to R40-50 per kg on Sunday, even as finance minister Pranab Mukherjee exuded confidence that the situation will be in control soon. HT reports.

Onion prices fell further by about R10 in the retail markets of major metros to R40-50 per kg on Sunday, even as finance minister Pranab Mukherjee exuded confidence that the situation will be in control soon.

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“Export of onions has been banned and the import duty has been made zero. Besides, some imported onions are reaching the market. The prices have come down,” he told reporters at his residence in Kolkata.

“The government is taking all possible steps and things will be in control soon,” he added.

While retail prices of onions have started easing from their peak of R70-85 per kg earlier this week, tomato and garlic rates remain high, at R40-60 per kg and R250-300 per kg respectively. Prices of onions had surged due to crop damage in the major producing region of Maharashtra, besides hoarding.