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July 5, 2024 10:17 PM

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Onion prices stabilizing as quantity of rabi onion released in market by farmers is increasing: Govt

The government has said that onion prices are stabilizing as the quantity of rabi onion released in the market by farmers is increasing. The Ministry of Consumer Affairs, Food and Public Distribution said that the availability of onion in the domestic market is comfortable despite marginally lower production of onion in this season compared to last year. It further stated that the estimated rabi-2024 production of 191 lakh tonnes of onion is sufficient to meet domestic consumption.

 

The Ministry also mentioned that the target area under Kharif onion this year is three lakh 61 thousand hectares, which is 27 percent higher than last year. The government also added that the area under Kharif potato this year is targeted to increase by 12 percent over last year. According to the Ministry of Agriculture’s assessment with state governments, the targeted Kharif tomato area this year is two lakh 72 thousand hectares.