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Onion prices to come down in next 10 days: Thomas

Food minister KV Thomas today said onion prices will come down in the next 10 days with the fresh arrival of domestic and imported stock, while asking the traders not to "loot" consumers by charging more.

india Updated: Oct 26, 2013 00:59 IST
HT Correspondent
HT Correspondent
Hindustan Times

Food minister KV Thomas on Friday said onion prices would come down in the next 10 days and imports would reach markets in the first week of November.

“There is no need to be alarmed about the situation,” Thomas said, adding that import tenders floated by the co-operative Nafed would be clinched on October 29, following which shipments would arrive within four days.

Onion prices have been as high as Rs 70-90 a kg in most parts of the country, and even touched Rs 100 in some cities like Patna and Jammu.

“Onion prices will come down in next 10 days. Traders should take legitimate margin and not loot consumers. The state governments have been asked to take strong action against hoarders, and few states have already taken action,” he said. The food minister said he had held discussions with the Maharashtra, Rajasthan and Karnataka governments, and onion arrivals in markets are improving.

He also said that the Warehousing Development Regulatory Authority (WDRA) had been asked to explore possibility of storing onion grown in winter crop to avert a repeat of the crisis next year.

First Published: Oct 25, 2013 13:49 IST