Centre bans onion exports, imposes stock limits as onion price continues to rise

30 Sep 2019

Centre bans onion exports, imposes stock limits as onion price continues to rise

Centre bans onion exports, imposes stock limits as onion price continues to riseAs the price for onions continues to rise in the market, the government has banned all onion exports until further notice.
Key facts!

It has also imposed limits on the amount of stock (of onions) that can be held, to prevent hoarding.
All the states have been asked to take strict measures to prevent hoarding by traders, including organising raids.
Retail traders can stock up to 100 quintals (10,000 kg) and wholesale traders can stock up to 500 quintals (50,000 kg).
In metro cities, the retail price of onions shot up to as much as ₹60 per kg. At one point, it even touched ₹80 per kg.
However, the government had a central buffer of 56,700 metric tonnes of onions (in stock).
This buffer stock is maintained through the National Agricultural Cooperative Marketing Federation of India (NAFED).
It is already being used to supply onions to Delhi, Haryana, and Andhra Pradesh at regulated rates.

Other states have also been asked to indicate their requirement to NAFED so that supplies can be sent.
Related Articles!

Fall in onion prices upset Indian farmers!
Onion prices rise all over the country

Youtube user "Ming Tiny Gardens" shares how to regrow onions.
https://www.youtube.com/watch?v=GxpGUkbgyrk

Curious Times is a leading newspaper and website for kids. We publish daily global news aligned to your learning levels (also as per NEP 2020): Foundational, Preparatory (Primary), Middle and Senior. So, check out the News tab for this. We bring kids’ favourite Curious Times Weekly newspaper every weekend with top news, feature stories and kids’ contributions. Also, check out daily JokesPoke, Tongue Twisters, Word of the Day and Quote of the Day, kids need it all the time.
Curious Times News Program for Schools for FREE. Over 5,000 schools and teachers from all over the world have joined our programme so that students and teachers can get FREE Educative Newspaper. Here, kids can take part in world events and win prizes and certificates for free through their schools. 
Moreover, schools are sharing important School News, like interviews with the principal, notices about new students, contests, and results, not just on social media but also on a news website for kids and other schools.
Thus, do not wait any further, sign-up for your school for FREE. 
The following social media platforms allow you to communicate with us: WhatsApp, Instagram, Facebook, Youtube, Twitter, and LinkedIn.

Recommended for Middle Grades

As the price for onions continues to rise in the market, the government has banned all onion exports until further notice.

Key facts!

It has also imposed limits on the amount of stock (of onions) that can be held, to prevent hoarding.
All the states have been asked to take strict measures to prevent hoarding by traders, including organising raids.
Retail traders can stock up to 100 quintals (10,000 kg) and wholesale traders can stock up to 500 quintals (50,000 kg).
In metro cities, the retail price of onions shot up to as much as ₹60 per kg. At one point, it even touched ₹80 per kg.
However, the government had a central buffer of 56,700 metric tonnes of onions (in stock).
This buffer stock is maintained through the National Agricultural Cooperative Marketing Federation of India (NAFED).
It is already being used to supply onions to Delhi, Haryana, and Andhra Pradesh at regulated rates.

Other states have also been asked to indicate their requirement to NAFED so that supplies can be sent.

Share your comment! Cancel reply

You must be logged in to post a comment.

To post your comment Login/Signup