Onion Prices Soar 50%, Buffer Stocks Sale To Be Increased To Provide Relief
The retail price of onions in India has increased around 20-50% this season as compared to the past year. This is due to a number of factors including delayed kharif onion sowing and a tight supply situation. The government has been offloading buffer onions since mid-August to stabilize prices. On Friday, the government decided to step up the sale of buffer onions in order to provide relief to consumers.
