February 18, 2022 8:21 PM

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Prices of Onion remained substantially stable during 2021-22 due to effective market intervention through PSF: Govt

The government has said that the prices of Onion remained substantially stable during 2021-22 due to effective market intervention through Price Stabilisation Fund (PSF). Onion buffer of 2.08 Lakh Metric Tonnes built-in current year under the Fund has been released in a calibrated and targeted manner to States and Cities where prices are increasing over the previous month. <br />''<br />''Ministry of Consumer Affairs, Food, and Public Distribution in a statement said that  States and Union Territories had been offered Onion at 21 rupees per kilogram ex-storage locations and Safal outlets had also been supplied 26 rupees per kilogram inclusive of transportation cost. The aggressive releases of onion from the buffer have contributed to stability in prices. <br />''<br />''The Ministry also informed that the all-India average retail price of Onion as of 17th of this month was 35.28 rupees per kg which are 22.36 percent lower than that of the last year. It also said that late Kharif onion arrivals are steady and expected to remain till Rabi arrival from March, 2022. <br />''<br />''Similarly, the retail price of Potato was 20.58 per Kg which is  6.96 percent lower than last month The Ministry further added that the retail price of tomato has been on a decline during the past month though it remained slightly above year's level. It said, as arrivals in North India will pick up pace, the prices will go down further in the coming week. Arrivals in South India will also increase in the coming week and will pick up the pace till end of February.<br />

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