Centre imposes stock limit on onion traders across the country

Economy


PUNE: For the first time, union government has imposed stocklimit on traders across the country. To control rising onion prices, central government has banned export of onions with immediate effect.

The ministry of consumer affairs issued a notification today prohibiting onion exports till further orders.

Consumer affairs minister Ram Vilas Pasvan tweeted that his department has imposed stock limit of 100 quintal on retail traders and 500 quintal on wholesale traders all across the country.

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“Nafed has procured 57,000 tonne onions which are being made available to states. The state governments have been asked to take strict action against hoarder,” said Paswan.

Onion prices in retail are ruling at Rs 50/kg to Rs 60/kg. Prices are not likely to soften till Diwali as rains have damaged the crop.



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