The government is going to store large quantities of onions on the growing demand for onions. According to a senior official of the Union Food Ministry, the major onion producing states are currently drought,so that onions may become expensive in the coming days. Due to this, government has begun buffer stock of 50 thousand tonnes of onion stock.
According to the sources, the largest onion market in Asia is Lasalgaon in Maharashtra. The wholesale price of onions has increased by 29% in this market. That is, 11 per kg of onion has been made. On the same day, the wholesale price of onion was Rs 8.50 per kg last year.
According to experts, during the current rabi season of the price stabilization fund management committee, NAFED, 50 thousand tonnes of onion has been asked to be stored. As of May 23, 32,000 tonnes of onions have been stored.
Officials said that the government is also going to save 16.15 lakh tonnes of pulses along with onions this year. Maharashtra, Karnataka and Andhra Pradesh which are the major producers of onions. There is a famine in these states.
According to one estimate, the current crop year ending in June, onion production is likely to be 23.62 million tonnes in 2018-19, which was 23.26 million tons in 2017-18. But, if we think of drought, we can miss the production forecast.
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