Consumers Affairs Secretary Nidhi Khare said the train, called ‘Kanda Express’, is scheduled to arrive by October 20 in Delhi which would substantially increase the availability of onions to consumers during the festive season.
Farmers, who were raking in big money on the spurt in prices of tomatoes, are upset at the government intervention
The government has already started distributing onions from the buffer, with a focus on major markets within states and union territories where retail prices exceed the national average
The report stated that owing to the reduced shelf life of rabi onion by 1-2 months and panic selling in February-March this year, rabi stocks in the open market are expected to decline significantly by the end of August instead of September, extending the lean season by 15-20 days, which is likely to expose the market to tightened supplies and high prices.
However, onion supplies should improve once the kharif arrivals start from October, leading to softer prices, the research report from Crisil added
The supply glut of onions is poised to get worse with the Rabi crop coming soon. Farmers won’t be able to even recover production costs despite the Maharashtra government’s Rs 3.5 per kg aid measure. Nevertheless, CM Eknath Shinde has bought himself some time with a committee to examine their demands
Netizens shared memes and jokes on Twitter about the surge in rate as retail price of onion hit Rs 100 per kg.