Onion prices to reduce in market soon, know the reason

New Delhi: Now the prices of onion in the market is going to come down. In fact, the cooperative Nafed has issued orders for the supply of 15,000 tonnes of imported onions.

To which NAFED said that this would increase the availability in the domestic market and keep the prices under control, as well as the imported onion would be distributed from the port cities, so to ensure fast supply, the state governments have been asked how much quantity of onion they need. NAFED plans to issue regular tenders for additional supply of imported onions.

According to the same official statement, “NAFED received good response to the tenders for supply in Tuticorin and Mumbai. NAFED finalized the successful bidders last evening to ensure timely supply to the market. ”

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NAFED says that this time it has laid special emphasis on the quality and size of onion, which matches the taste of Indian consumers. Significantly, medium-sized onions are generally preferred in India, while foreign onions are up to 80 mm in size.

Last year MMTC imported yellow, pink and red onion directly from Turkey and Egypt, while this year they offered to supply to private importers to ensure supply of good quality onion in minimum time. Meanwhile, NAFED said that wholesale and retail prices of onions have seen a steady decline.

NAFED hoped that government policy intervention and buffer, imports and new arrivals would speed up supply and the onion market would soon be back to normal. According to market rates, retail prices of onions are running up to Rs.80-100 per kg in many parts of India.