New Delhi: The Ministry of Consumer affairs built a plan to store onions in 90 locations across the country, so the products can be quickly interpreted in markets if prices are high.
The plan is part of government awarding contracts for the beginning of next week, two people said.
Private players will also be included in the storage and soon floats to complete the agencies.
India maintains bumper supplies to stabilize the prices of the kitchen necessary, susceptible to volatility, because about a quarter of the product is lost after harvest. Currently, shares in warehouses are operated by national agricultural cooperatives.
Over the years, onion prices have been a headaches for governments, often invented in election campaigns.
Also read | Quick Mint adjustment Onion costs: Go to basic reforms
Prices tend to rise in August and remain high until October and November, which is coincided with the festive season. To solve it, the government will start selling onions for subsidized rates £35 for kg since August or September. In 2023 the discounted onion was sold to £25/kg from August through shops and mobile supplies operated by government agencies.
The aim of public procurement procurement can overcome last year’s 470,000 tonnes, as the production of onion is significantly higher this year.
In the previous year, production was 20%decrease. Orders will be carried out within the price of price stabilization (PSF). Mint informed the government plan to involve private companies for storage and transport of onions on 21 January this year.
“We have identified different places for storing onions based on demand formulas, so if the price increases, they can be immediately moved to the retail market to help control the prices of this basic commodity,” said the first two of these people.
Also read | Cold comfort: India for the use of chilled containers to ensure timely onion delivery
“Privacy players conclude contracts with the government to deliver the onion to any designated place, with a cost recovery 65-75%,” the other person said.
Restoring the onion indicates the amount of good onions that remain after storage. If the recovery is 65-75%, it means that 65 to 75 kg of every 100 kg remains suitable for sale.
“The point is to prevent the inflation of basic foods that affects retail retail inflation, especially when prices are rising, decentralizing storage instead of maintaining everything in one place, such as Lasalgaon in Nashik,” the other person said.
Among the 90 seats identified for onion storage are areas near Lucknow, Delhi-NCR, Ranchi, Guwahati, Chennai, Bombaje, Jaipur, Ahmedabad, Bhubaneswar, Bopal, Srinagar and Raipur.
Currently, the bumper onion is managed by the National Consumer Federation in India LTD (NCCF) and the National Agricultural Cooperative Marketing Federation in India LTD (NAFED) paid by the Ministry of Consumer Affairs.
“The contracts will be carried out by both government agencies and private players,” the first person said.
Also read | Source, Shares and Transport: Plan for Private Companies in Logistics onions
Inquiries of the Ministry of Consumer’s Ministry remained unanswered.
According to the first estimate of preliminary production of the Ministry of Agriculture, the production of onion in the previous year is expected that the production of onions in the previous year is expected to increase by 19% to 288.77 Lakh tons. The year of crops lasts from July to June.
Retail inflation
In March, Indian retail inflation was alleviated to its slowest pace in more than six years (since August 2019) on the back of lower food prices, showed government data.
The retail inflation, based on the consumer price index (CPI), increased by 3.34% per year, less than 3.61% registered in February and 4.85% recorded during the year, according to the Ministry of Statistics and the program implementation).
Interestingly, food inflation was alleviated in the month, increased by 2.69% year -on -year, from 3.75% in February and 8.52% a year ago.
According to the Ministry for Consumer Affairs, the price of the onion in Delhi is currently £30 to kg, down from £33 for kg last year. In Mumbai it dropped £26 for kg of £34 for kg a year ago. Similarly in Calcuta retail price dropped £28 behind kg of £32 to kg. Prices remain unchanged in Chennai £27 to kg. In Ranchi, however, onion prices increased from £25 for kg last year £27 for kg on Thursday.
Also read | Country Reality Control: Consumers become cautious because aspiration meets inflation
Vinod Anand, an expert on agricultural policy and a member of the Government Committee for Minimum Supporting Prices, said: “This step will ensure the availability of onion for consumers at a time when there is a maximum fee for available rates. This is a noticeable step, but the government should also make sure
The government received 4.70 lakh tons of onions last year at an average price £2 833 Quintal, sharply higher than the previous year £1 724. The occupation of the buffer memories was released to reduce price increases, and export policies were calibrated to ensure the home offer. Meanwhile, the annual consumption of the onion in FY23 was 19.3 million tonnes.
(Tagstotranslate) onion
