The rules have been relaxed to increase the supply of onion in order to increase its supply and make it easy for people to get relief.
The Modi government has relaxed the rules to make its imports easier to increase its supply and to give relief to the people amid rising inflation of onion in the country. This relaxation in onion import rules will be till December 15.
The Union Consumer Affairs Ministry also said in a statement that to control the price of onion, it will release more quantity of onion from the buffer stock in the open market.
Onion prices in Aditya Puri retail shops have reached close to Rs 80-100 per kg and this has started to hit the pockets of the people. To increase domestic supply of onions and curb prices, the central government has decided to give relief in import rules by 15 December.
According to an order of the Union Government’s Ministry of Consumer Affairs, to curb the price of onion, it has been decided to supply more onion market than buffer stock, the Central Government has given this information.
Onion prices have gained a lot in the recent few days. In an order issued by the ministry, it is said that about 37 lakh tonnes of kharif crop is likely to reach the mandis in the next few times. In the last 10 days, onion prices have seen a rise of up to Rs 11.56 per kg.
The retail price of Indian onion has been fixed at Rs 51.95 per kg, which is 12.13 percent more than the price of last year. The Indian High Commission has been instructed to contact traders in the respective countries and motivate them to export more onions in the country.
Onion is being sold at Rs 50 per kg in Delhi, Rs 65 per kg in Kolkata and Rs 67 per kg in Mumbai in the national capital. Commodity experts and traders believe that heavy rains in the south and western regions have disrupted the supply of onions and affected the arrival of the Kharif crop. Incoming kharif onion is going to start in the coming weeks.