Onion prices to come down in next 10 days

New Delhi: Food Minister K V Thomas on Friday said that onion prices will come down in the next 10 days with the fresh arrival of domestic and imported stock.

“Onion prices will come down in next 10 days. Traders should take legitimate margin and not loot consumers. Farmers should get reasonable price and consumers should also get onions at affordable rates. The state governments have been asked to take strong action against hoarders and few states have already taken action,” he said.

Thomas informed that he has discussed the supply situation with Maharashtra, Rajasthan and Karnataka governments and the onion arrivals are improving.

“Nafed has floated tender (to import onion) and the decision will be taken on Oct 29. After the decision, onion will arrive in 3-4 days,” the Minister said.

“Our analysis is that production is as good as and even better than last year but the prices have remained higher,” he said.

Thomas emphasised on the need to balance the supply situation in the case of onions, potatoes and tomatoes through the help of cold storage facilities.

“In vegetable like onion, tomato and potato, there is period of plenty and there is situation of scarcity. We need to balance with more use of cold storage and warehousing facilities,” Thomas said.
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