In order to curb rising onion prices across the country, the Ministry of Commerce & Industry on Sunday prohibited the export of all varieties of the kitchen stable with immediate effect while imposing a stock limit on traders to provide relief to consumers. On September 13, the DGFT had imposed a minimum export price of $850 per tonne to restrict its shipments and help bring down rising domestic prices. The current increase in onion prices is a fallout of last year’s drought and the delayed monsoon this year. Currently, the bulb is retailing at Rs 57 per kg in Delhi, Rs 56 per kg in Mumbai and Rs 55 per kg in Pune. The central government has stepped in to give relief to consumers from high prices by offloading 50,000 tonnes of buffer stock of onion across the country.

Source: Indian Express September 29, 2019 08:35 UTC