"We have to wait till retail prices come down for (withdrawal of) export duty," an official with the department of consumer affairs said.
While the modal retail prices of onions were ₹40/kg on Tuesday, in several cities prices are around ₹50/kg which is still 'higher' in comparison to the mandi prices of the staple vegetable. With arrivals of the fresh kharif crops, the average mandi prices of onions at Lasalgaon, Nashik, Maharashtra, the hub of the country's wholesale trade has declined by more than 50% to ₹1,900/quintal on Tuesday from ₹4,000/quintal prevailing in the last month.
This story is from the December 26, 2024 edition of Financial Express Chennai.
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This story is from the December 26, 2024 edition of Financial Express Chennai.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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