The government has increased its onion procurement price to Rs 2,125 per quintal, a 13% jump, to boost farmer earnings and accelerate buffer stock building. This marks the fifth revision this season amidst sluggish procurement. Despite this, domestic availability remains stable with adequate stocks and steady wholesale arrivals. Speculative buying is noted, but consumer demand is subdued.
The government has increased its onion procurement price to Rs 2,125 per quintal, a 13% jump, to boost farmer earnings and accelerate buffer stock building. This marks the fifth revision this season amidst sluggish procurement. Despite this, domestic availability remains stable with adequate stocks and steady wholesale arrivals. Speculative buying is noted, but consumer demand is subdued.