The union government’s decision to impose a Minimum Export Price (MEP) of USD 800/ton on Onion with effect from 29 October 2023 till 31 December 2023 recorded a decline of 5 per cent to 9 per cent from the highest price registered during the last week.
The weighted average price of Onion in Maharashtra across all the markets has declined by 4.5 per cent and a similar decline was observed in consumption centres as well.
The Department of Consumer Affairs is monitoring Onion exports and prices on a daily basis to ensure stable domestic prices and availability to consumers.
In view of increasing demand in the month of November, the department has started releasing Onion buffer stock into the market both through mandi sales and discounted sales to retail consumers at centres of high prices.
This includes retail sales through 685 Mobile retail outlets covering over 170 cities. NAFED and NCCF have also started procuring an additional 2 LMT onions of kharif harvest to be distributed in high-price centres to keep the onion prices under control and consumers’ interests protected.
