Delhi plans to create price stabilisation fund for onions Back to News & Events List

With rising onion prices becoming a recurring problem in many parts of the country, including the national capital, the Delhi government is believed to have suggested constituting a price stabilisation fund (PSF), which would enable it to purchase onions from neighbouring areas and retail in the Capital in times of shortage. A proposal to this effect was discussed at a meeting between the Centre and state officials some weeks ago.
 
A price stabilisation fund would enable the state to procure and distribute onions on its own, without waiting for Central agencies such as the National Agricultural Cooperative Marketing Federation (Nafed) and the Small Farmers’ Agribusiness Consortium (SFAC), and also Mother Diary’s Safal outlets to do so in times of shortage and sudden price rise. The Centre too would contribute to the fund.
 
Retail onion prices, which have shot up to Rs 50-65 per kg in most cities, have come under pressure due to tight domestic supplies. In Delhi according to the data from department of consumer affairs, the prices have nearly doubled in the past one year.
 
The Union government last week imposed a minimum export price (MEP) of $850 per tonne on onion to increase domestic supplies and check rising prices.
 
Original Source: business-standard.com

Recent News

15

11/2018
Pomegranate exports likely to run into EU roadblock

With a bumper pomegranate season in full swing, around 85,000 tonne is expected to be exported during 2018-19 season. However, several countries including Europe, Russia, Ind...

More News

23

10/2018
Trade war: Government sees space for Indian exporters in US

The commerce department is sensing an opportunity for exporters in the US due to the trade war with China and has identified close to 180 items where Indian players can take ad...

More News

01

10/2018
Brazil and India increase business contact in agriculture and food sector

The Brazilian companies are expected to reach approx $80 mn in businesses in the food and agriculture sector over the next one year. Nine out of 20 companies which are visiting...

More News

21

09/2018
Twenty-nine food safety labs in 25 states & UTs taken up for upgrades

Under the Central sector scheme of lab upgrades, 29 state food safety laboratories in 25 states and Union Territories (UTs) have been taken up so far for upgrades, while FSSAI ...

More News

iiiEM OFFICE

201, Iscon Avenue, Near Choice Restaurant,  CG Road, Navrangpura, Ahmedabad - 380009, Gujarat, IN.

+91-7573036066, +91-7573017750

ahd@iiiem.in

ahmedabad.iiiem.in

Learn @ iiiEM

Faculties & Deptt.

Quick links

Our Presence

Social Media Hub

  • Twitter
  • Facebook
  • Linkedin
  • Import & Export Latest News Channel

Copyright iiiEM 2016.