Govt to dispatch 150 tonnes of onions by road to combat rising prices in Jammu & Kashmir

Onion prices in the Valley are between 60 and 90 per kg, while the government sells subsidised onions at 35a kg nationwide.

Dhirendra Kumar
Published25 Nov 2024, 03:14 PM IST
This year, kharif onion was sown on 3.82 lakh hectares, 34% more than last year’s 2.85 lakh hectares,
This year, kharif onion was sown on 3.82 lakh hectares, 34% more than last year’s 2.85 lakh hectares,(Pexels)

New Delhi: The ministry of consumer affairs has decided to disptach 150 tonnes of onions to Jammu and Kashmir to cool prices of the essential commodity, two people aware of the development said. The ministry has taken the initiative to lower skyrocketing prices of essential commodities by releasing bulk quantities into the markets.

Onion prices in Jammu and Kashmir range from 60 to 90 a kg. In other parts of the country, the prices vary from 50 to 70 a kg. Currently, the government sells subsidised onions at 35 per kg across the country.

"The onions destined for the Valley state will be transported through trucks, each with a carrying capacity of about 25 tonnes. These trucks will travel from Delhi to Srinagar," one person said, adding that the trucks will start moving next week.

“We expect retail onion prices to stabilise after offloading bulk quantities in the Valley," the second person said.

The ministry holds a buffer stock of 470,000 tonnes of onions from the rabi crop and is distributing it to stabilise supply and prices.

Also Read | Govt plans to make onion transport by railways the norm to moderate prices

In October, the ministry decided to make railways the main mode of transporting onions to key consumer markets in the country. The major onion-producing states are Maharashtra, Karnataka, Madhya Pradesh, and Rajasthan.

Delhi received its fifth shipment of onions through the railways, with 720 tonnes arriving at Kishan Ganj railway station on 21 November. The fourth shipment of 840 tonnes reached Delhi on 17 November.

The first shipment of 1,600 tonnes, transported by the Kanda Express, arrived on 20 October. It was followed by the second shipment of 840 tonnes on 30 October and the third shipment of 730 tonnes on 12 November.

Sown area

Onions have also been transported by trains to Guwahati and Chennai. On 23 October, 840 tonnes of onions had been dispatched from Nashik by rail, which arrived in Chennai on 26 October. A shipment of 840 tonnes of onions by rail arrived at Changsari station in Guwahati on 5 November and was distributed in various districts of Assam, Meghalaya, Tripura and other northeastern states.

This year, kharif onion was sown on 3.82 lakh hectares, 34% more than last year’s 2.85 lakh hectares, according to the Department of Agriculture and Farmers’ Welfare.

“Late kharif sowing is also on track, with 1.28 lakh hectares covered by early November. More kharif onions are reaching markets, along with increased release of buffer stocks and good progress in late kharif sowing, ensuring onions remain affordable for consumers," the second person said.

Also Read | Govt removes minimum export price for onions and basmati rice

Onion prices started after the government scrapped the minimum export price of $550 per tonne on 13 September and halved the 40% export duty imposed on onion shipments.

As per the ministry of consumer affairs, on average, India consumes an estimated 1.7 million tonnes of onions every month. The bulb crop is grown in three seasons - kharif (planted in July-August and harvested in October-December); late kharif (planted in October-November and harvested in January-March); and rabi (planted in December-January and harvested in March-May).

Catch all the Business News , Economy news , Breaking News Events andLatest News Updates on Live Mint. Download TheMint News App to get Daily Market Updates.

MoreLess
First Published:25 Nov 2024, 03:14 PM IST
Business NewsEconomyGovt to dispatch 150 tonnes of onions by road to combat rising prices in Jammu & Kashmir

Get Instant Loan up to ₹10 Lakh!

  • Employment Type

    Most Active Stocks

    Adani Power share price

    446.85
    03:57 PM | 25 NOV 2024
    -13.9 (-3.02%)

    Power Grid Corporation Of India share price

    342.85
    03:59 PM | 25 NOV 2024
    5.85 (1.74%)

    Tata Steel share price

    143.60
    03:58 PM | 25 NOV 2024
    0.8 (0.56%)

    State Bank Of India share price

    844.75
    03:53 PM | 25 NOV 2024
    28.7 (3.52%)
    More Active Stocks

    Market Snapshot

    • Top Gainers
    • Top Losers
    • 52 Week High

    Wipro share price

    582.75
    03:54 PM | 25 NOV 2024
    11.35 (1.99%)

    Federal Bank share price

    213.00
    03:47 PM | 25 NOV 2024
    3.75 (1.79%)

    HCL Technologies share price

    1,892.00
    03:52 PM | 25 NOV 2024
    -7.05 (-0.37%)

    Tech Mahindra share price

    1,733.95
    03:46 PM | 25 NOV 2024
    -13.75 (-0.79%)
    More from 52 Week High

    Adani Green Energy share price

    967.65
    03:59 PM | 25 NOV 2024
    -84.75 (-8.05%)

    DCM Shriram share price

    1,182.00
    03:29 PM | 25 NOV 2024
    -69.65 (-5.56%)

    Vijaya Diagnostic Centre share price

    1,159.25
    03:29 PM | 25 NOV 2024
    -56.75 (-4.67%)

    Adani Energy Solutions share price

    624.85
    03:57 PM | 25 NOV 2024
    -24.55 (-3.78%)
    More from Top Losers

    Railtel Corporation Of India share price

    397.05
    03:47 PM | 25 NOV 2024
    32.15 (8.81%)

    Central Bank Of India share price

    56.89
    03:59 PM | 25 NOV 2024
    4.56 (8.71%)

    Emami share price

    693.05
    03:49 PM | 25 NOV 2024
    54.1 (8.47%)

    Sumitomo Chemical India share price

    554.35
    03:29 PM | 25 NOV 2024
    40.4 (7.86%)
    More from Top Gainers

    Recommended For You

      More Recommendations

      Gold Prices

      • 24K
      • 22K
      Bangalore
      79,645.00-10.00
      Chennai
      79,651.00-10.00
      Delhi
      79,803.00-10.00
      Kolkata
      79,655.00-10.00

      Fuel Price

      • Petrol
      • Diesel
      Bangalore
      102.92/L0.00
      Chennai
      100.90/L-0.13
      Kolkata
      104.95/L0.00
      New Delhi
      94.77/L0.00

      Popular in Economy

        HomeMarketsPremiumInstant LoanMint Shorts