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Prices of onion, tomato and potato cheaper than last year: Govt

Prime News, National, Agriculture, Finance, New Delhi, October 18:- The central government on Sunday (October 17) said that prices of onion, tomato and potato are cheaper than last year.

It also said the onion prices are being stabilised with buffer stock release and efforts are on to soften tomato and potato rates. Onion stocks are being released in the market on the first-in-first-out basis in a calibrated manner from the last week of August in a bid to moderate prices and ensure minimum storage loss.

As a result of this, the retail onion price was ruling in the range of Rs 42 to 57 per kg in metros on October 14. The all-India average retail price of onion was ruling at Rs 37.06 paise per kg, while the average wholesale rate was RS 30 per kg on October 14.

In a statement, the Food and Consumer Affairs Ministry said the buffer stock of onion is being released in States where prices ruled above all-India average and also where prices are rising over the previous month.

Besides releasing onions in the market, the ministry has offered onions from the buffer at Rs 21 per kg to all States and Union Territories for lifting from the storage locations. (Inputs: Agencies, NGB)

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