Breaking News! In a big development, the wholesale onion prices dropped in Maharashtra after the National Agricultural Cooperative Marketing Federation of India (NAFED) took initiative for selling onion at moderate price in Delhi.

 

However, the prices of onion continued to rise in all the retail markets in the country. But about 33% were dropped in Nashik on Tuesday.

While the Prime Minister officials are discussing to take action to reduce the price of onion, the Bihar CM Nitish Kumar is blaming the centre for such issue.

The onion prices have been increased to Rs 85 per kg in some retail markets and the government is assuring to reduce the price soon. Finance Minister said that there may be some mismatch between supply from Mandi to the consumer point and retail stores for which onion price is rising high.

He said that the appropriate steps will be taken soon after analysing the matter and the exports have already been banned to tackle the situation.

However, the Union Agriculture Minister Sharad Pawar on Teusday said that the onion prices will be on high for the next 2-3 weeks and it is because of hoarding prices of onion have been increased in the country.

Follow us on Twitter & Be our Fan on Facebook.