Onion: Govt says onion price won't go up even in monsoon

Onion: Onion, which thickens vegetable and meat gravies, will not be priced this year during monsoons. The government expressed confidence that onion is being supplied satisfactorily in the market and prices are stable at present. He expressed hope that onion sowing will increase by about 27 per cent during the summer season, after which the price of onion in the wholesale and retail markets will come down. The Ministry of Consumer Affairs, Food and Public Distribution said that the supply of onion in the market is satisfactory, adding that good and proper monsoon rains this year have given a boost to horticultural crops including onion, tomato and potato. According to the Agriculture Ministry's estimates, the area under kharif sowing of onion, tomato and potato among major vegetables has increased significantly over last year. The release said that although the onion production in Rabi-2024 season is slightly lower than last year's production, the supply of onion in the domestic market is satisfactory. Rabi onions are generally harvested in three seasons in India and are sold in the market. Of these, the winter sown rabi crop is harvested from March to May, the summer sown kharif crop is harvested in September-October and the late kharif crop is harvested in January-February. According to one estimate, the rabi crop accounts for 70 percent of the total production, while the kharif and late kharif crops produce 30 percent. Currently, Rabi-2024 crop onion is being sold in the market, which was harvested in March-May 2024. Also Read: Gold prices skyrocket in Patna-Ranchi in 10 days Sufficient for domestic consumption of about 17 lakh tonnes every month Onion export from India is estimated at 1 lakh tonnes every month. Onion prices have remained stable due to increasing supply of rabi onions in the market, the ministry said. Monsoon has started and storage losses are possible due to high atmospheric humidity. Thus, farmers bring their crops to the market. Also Read: Why Filing ITR Is Important? Read experts' opinion The post Onion: Govt says onion price won't go up even in monsoon appeared first on Prabhat Khabar.