Bookmark Bookmark

ONION, POTATO AND TOMATO PRICES CHEAPER THAN LAST YEAR

ONION, POTATO AND TOMATO PRICES CHEAPER THAN LAST YEAR

Context:

The Department of Consumer Affairs has begun issuing limited and targeted onions in the First-in-First-Out (FIFO) principle that started from last week of August 2021 guided by the twin objectives of moderating prices and ensuring minimal storage loss.

Price of Onions in Different Cities:

  • As a result, the price of onions in Delhi is Rs 44 kg as of 14.10.2021.
  • Similarly in Mumbai, Kolkatta and Chennai Rs 45 kg, Rs 57 kg and Rs 42 kg respectively.
  • Prices for All India selling onions on 14.10.2021 are Rs 37.06 per kg and the total price of All India for onions is Rs 3002.25 per quintal.

Total Release in Manor Cities:

  • The releases are targeted towards States / UTs where prices dominate over the whole of India and when prices rise more than last month.
  • As of October 12, 2021, a total of 67,357 MT has been released in major markets such as Delhi, Ranchi, Kolkata, Lucknow, Patna, Guwahati, Bangalore, Chennai, Bhubaneshwar, Hyderabad, Mumbai, Chandigarh, Kochi and Raipur.
  • In addition, Grade B onions (shares under Fair A average Quality - FAQ) are discarded at local markets in Maharashtra, Madhya Pradesh and Gujarat.

Price Stabilization Fund (PSF):

  • Onion buffer has been maintained by the Department of Consumer Affairs under the Price Stabilization Fund (PSF) for the purpose of effective market interventions in moderate prices.
  • In 2021-22, against the target of building 2 LMT Onion buffer a total of 2.08 LMT was procured from the Rabi-2021 crop from April to July 2021.

You might be interested:

CAPACITY BUILDING PROGRAM FOR IDES OFFICERS AND TECHNICAL STAFF OF DGDE

CAPACITY BUILDING PROGRAM FOR IDES OFFICERS AND TECHNICAL STAFF OF DGDE Context: On 18th October 2021, Defence Secretary Dr Ajay Kumar launched a training program on the latest survey technologies and ...

a month ago

‘MOUNT HARRIET’ TO ‘MOUNT MANIPUR’

‘MOUNT HARRIET’ TO ‘MOUNT MANIPUR’ Context: After Manipur, the Centre renamed the Andaman and Nicobar Islands' 'Mount Harriet', where Manipur's Maharaja Kulchandra Dhwaj Singh ...

a month ago

A WORKING GROUP SET UP FOR PRADHAN MANTRI FASAL BIMA YOJANA (PMFBY)

A WORKING GROUP SET UP FOR PRADHAN MANTRI FASAL BIMA YOJANA (PMFBY) Context: For Pradhan Mantri Fasal Bima Yojana (PMFBY), a working group has been set up comprising of officials from the Centre, top ...

a month ago

GEOSPATIAL ENERGY MAP OF INDIA LAUNCHED BY NITI AAYOG

GEOSPATIAL ENERGY MAP OF INDIA LAUNCHED BY NITI AAYOG Context: On 18 October 2021, the Geospatial Energy Map of India was launched by Dr Rajiv Kumar (Vice Chairman, NITI Aayog), Dr V K Saraswat (Membe ...

a month ago

MoU SIGNED BETWEEN DUBAI AND J&K

MoU SIGNED BETWEEN DUBAI AND J&K Context: Jammu and Kashmir administration signed a Memorandum of Understanding (MoU) with the Government of Dubai for real estate development, industrial parks, mu ...

a month ago

MILAD-UN-NABI: EXPLAINED

MILAD-UN-NABI: EXPLAINED Context: Milad-un-Nabi or Eid-e-Milad is being celebrated all over India from 18th Oct 2021 to 19th Oct 2021. The day is celebrated to commemorate the birthday of the Prophet ...

a month ago

Provide your feedback on this article: