Govt extends stock holding limit on Onion traders indefinitely
Commodity Online | November 28 2019
UPDATED 14:56:15 IST

Exports contract marginally to $25.98 bn in November

India's Steel demand growth turns negative: report

Industrial output contracts 3.8% in October

Retail inflation spikes to 3-yr high of 5.54 pc in Nov

CAI retains 2019-20 production outlook at 354 lakh bales

With onion prices continuing to rule high at Rs 80-90 per kg, the government on Wednesday extended prohibitions on traders from the stocking of edible bulb across the country for an indefinite period.

Besides stock holding limit, he said, the Centre has banned exports of onion and importing 1.2 lakh tonnes to control prices. Onion prices are ruling at Rs 70-80 per kg in retail markets across major cities.

"Stockholding limit on retailers and wholesalers are being further extended until further orders," an official statement said.

The stock holding limit was imposed in September. At present, retailers can stock onion only up to 100 quintals and wholesale traders are allowed to keep up to 500 quintals.

The decision was taken at an inter-ministerial meeting, chaired by Consumer Affairs Secretary A K Srivastava, to monitor the price and availability of onions across the country.

The consumer affairs secretary has written to chief secretaries of all states asking them to suitably reduce the stock limits further in their states as per the availability and prices. They have been asked to strictly enforce these stock limits and send an action taken report on a weekly basis.

 

Commodity Arrivals Rate
Mustard Oil 1 9050.00
Coconut Oil 0.1 16900.00
Arecanut 25 15000.00
Sugar 0.5 4000.00

More

×