Onion Prices Leave Consumers Weeping; Govt Boosts Buffer Stock Sales

Vegetable markets across the nation have witnessed a sudden skyrocket jump in onion prices touching roughly Rs 60-70 per Kg. Meanwhile, the Government has taken measures to maintain sufficient availability of onion to consumers at affordable prices. In view of this, the Union Government on October 28 notified the Minimum Export Price (MEP) of USD 800 per Metric Ton (MT) on a FOB basis for the export of onions with effect from October 29 to December 31, 2023.