Govt to offload 0.3 MT onion in open mkt
Financial Express Mumbai|August 12, 2023
TO CURB PRICE rise, the government on Friday announced sale of 0.3 million tonne (MT) of onion in the open market from its buffer stock. "We will release onions from the buffer stock immediately through open auction," Rohit Kumar Singh, secretary, department of consumer affairs told FE.
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Govt to offload 0.3 MT onion in open mkt

The quantity and pace of disposal will also be calibrated with the prices and availability situations to make onions available to consumers at affordable prices, according to an official statement.

Apart from market disposal, onions would be offered to state governments at discounted rates for sale through retail outlets of their consumer cooperatives and corporations.

Disposal of onion is likely to take place through e-auction and retail sales on e-commerce platforms.

The buffer stock will be released in the key markets and regions where retail prices are above the all-India average and where the rates of increase in prices over previous month and year are above the threshold, according to an official statement.

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