Come October 20, a train will chug into Delhi from Nashik in Maharashtra filled not with passengers, but with onions. For the first time, the central government has decided to pump 1,600 tonnes of onions through 42 railway wagons into the Delhi wholesale markets to cool down prices ahead of Diwali.
This would be the largest-ever wholesale intervention by the Centre in onions. The onion consignment will be sold through auction at a base rate of ₹35/kg. Current retail market rates of onions in Delhi are hovering over ₹75/kg.
The average cost of procuring onions from farmers this time was ₹28/kg while last year it was around ₹17/kg.
Sources said Delhi and its nearby markets get a daily supply of around 2,500-2,600 tonnes of onions, and this one single train (equal to 53 truck loads of onions) will deliver more than half of that quantity in a single day.
Denne historien er fra October 18, 2024-utgaven av Business Standard.
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Denne historien er fra October 18, 2024-utgaven av Business Standard.
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