Centre places curbs on stock limits of onions

  • The central government has imposed stock limits on wholesalers and retailers in order to curb the rising onion prices. The prices of onion sky rocketed in several states as it crossed ₹100 per Kg mark.

  • This is the first time stock limits have been imposed on any commodity after the Essential Commodities Act was amended last month to reduce such interventions.

  • Under the curbs, wholesale traders will not be allowed to store more than 25 tonnes of onions, while retailers will be limited to two tonnes only, from October 23 till December 31.

  • Onion prices have been rising steadily since early September, and the Centre has already slapped an export ban on the staple vegetable, taken steps to facilitate imports from other countries, and released more than 40,000 tonnes from its buffer stock of one lakh tonnes into retail markets to cool down prices.

Onion prices have been rising steadily since early September, and the Centre has already slapped an export ban on the staple vegetable, taken steps to facilitate imports from other countries, and released more than 40,000 tonnes from its buffer stock of one lakh tonnes into retail markets to cool down prices.

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