Srivastava had written to Chaturvedi that despite the 13 September order of imposing minimum export price cap of $850 per tonne, export of onions continues unabated. Simultaneous, the consumer affairs ministry also imposed stock limits on onion traders to facilitate release of stocks in the market and prevent hoarding by traders. For retail traders, the stock limit is 100 quintal and for wholesale traders the stock limit is at 500 quintals. For the first time, the centre has simultaneously imposed stock limits across the country. Paswan last week said the Centre will not hesitate to impose stock limits on onion traders if its retail price does not soften considerably.

Source: Mint September 29, 2019 12:56 UTC