Commodities

‘Onion prices will come down on arrivals’

PTI NEW DELHI | Updated on January 05, 2011 Published on December 22, 2010

Onion prices are likely to fall in the next 7-10 days with the arrival of new crops.

“The steps the Government has taken have helped in drastic reduction in onion prices. New arrivals will come, prices will come down in the next 7-10 days,” the Agriculture Secretary, Mr P.K. Basu, told reporters here today on the sidelines of a CII event on cold chain management.

Onion prices have soared to Rs 70-85 per kg in Delhi and other major cities from Rs 35-40 per kg last week due to damage of crops because of rains in southern and western states, coupled with hoarding.

“Easing of prices has already started. Prices have come down already in all markets, not only in Delhi,” the Secretary said.

Asked whether the Government plans to import onions, Mr Basu said: “The private sector is planning (to import). We have not taken any decision.”

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Published on December 22, 2010
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