Onion Supply Stable, Prices Stabilizing: Govt

By By Rediff Money Desk, New Delhi
Jul 05, 2024 19:25
India's government reports comfortable onion supply in the domestic market, with retail prices stabilizing due to increased kharif sowing and favorable monsoon conditions.
Photograph: Ajay Verma/Reuters
New Delhi, Jul 5 (PTI) The government on Friday said the availability of onion in the domestic market is comfortable and retail prices are stabilising.

In a statement, Ministry of Consumer Affairs, Food & Public Distribution said sowing of onion crops is estimated to rise 27 per cent in kharif (summer-sown) season.

"Good and timely monsoon rains this year has provided big boost for kharif crops, including onion and other horticultural crops like tomato and potato," the ministry said.

As per the assessment of Ministry of Agriculture, the area targeted for kharif sowing of major vegetables namely, onion, tomato and potato has seen significant increase over last year.

"The availability of onion in the domestic market is comfortable notwithstanding marginally lower production of onion in rabi-2024 season as compared to the production last year," the statement said.

Onion crop is harvested in three seasons: rabi (winter-sown) in March-May; kharif (summer-sown) in September-November and late kharif in January-February.

In terms of production, rabi crop accounted for roughly 70 per cent of the total production while kharif and late kharif together constitute 30 per cent.

Kharif onion plays an important role in maintaining price stability during the lean months between rabi and peak kharif arrivals.

"The target area under kharif onion this year is 3.61 lakh hectare which is 27 per cent higher than last year," the ministry said.

In Karnataka, the top kharif onion producing state, sowing is completed in 30 per cent targeted area of 1.50 lakh hectare, and sowing is making progress in other major producing states also.

The onion currently available in the market is rabi-2024 crop, which was harvested during March-May 2024.

The government asserted that the estimated rabi-2024 production of 191 lakh tonne is sufficient to meet the domestic consumption of about 17 lakh tonne per month. Exports are pegged at 1 lakh tonne per month.

Dry weather conditions prevailing during and after rabi harvest this year is observed to have helped in lowering storage loss of onion, the statement said.

"Onion prices are stabilising as the quantity of rabi onion released in the market by farmers is increasing with higher mandi prices and onset of monsoon rains which increases the chances of storage loss due to high atmospheric moisture," the ministry said.

On potato, the government said it is essentially a rabi (winter-sown) crop but some quantities of kharif potatoes are produced in Karnataka, Himachal Pradesh, Uttarakhand, Meghalaya, Maharashtra and Tamil Nadu.

Kharif potato harvest during September to November augments the availability in the market.

The area under Kharif potato this year is targeted to increase by 12 per cent over last year.

Himachal Pradesh and Uttarakhand have covered almost the entire targeted sowing area while sowing in Karnataka and other states is in progress.

As per the government data, 273.2 lakh tonne of rabi potato had been stored in cold storage this year which is sufficient to meet the consumption demand.

"Prices of potato regulates the rate at which it's released from the cold storages during the storage period from March to December," the statement said.

On tomatoes, the government said as per Ministry of Agriculture's assessment, the targeted kharif tomato area this year is 2.72 lakh hectare as against 2.67 lakh hectare sown last year.

"Crop conditions are reported to be good in major producing areas of Chittoor in Andhra Pradesh and Kolar in Karnataka. In Kolar, picking of tomatoes has started and will hit the market within few days from now," the statement said.

As per feedback from District Horticultural officials in Chittoor and Kolar, tomato crop this year is substantially better than last year.

Kharif tomato areas are set to increase substantially over last year in major producing states of Madhya Pradesh, Karnataka, Uttar Pradesh, Gujarat, Maharashtra and Tamil Nadu.
Source: PTI
Read More On:
onion supplyonion pricesonion productionkharif onionindia onion market
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

Refex Renewables Wins Rs 78 Cr Waste Management...

Refex Renewables & Infrastructure has secured a Rs 78 crore order to build a waste...

Tripura CM Chairs Task Force for NE Investment

Tripura CM Manik Saha chairs the first meeting of the high-level task force on...

Coffee Day Enterprises Default: Rs 425.38 Crore...

Coffee Day Enterprises Ltd has reported a total default of Rs 425.38 crore on loans...

Saline Water Aquaculture Boost: Centre Calls...

India's Centre calls for collaboration to boost saline water aquaculture in Haryana,...

IT Stocks Plunge Amid Recession Fears - PTI

Indian IT stocks tumbled on Monday amid recession fears fueled by US tariff hikes,...

Vi Launches 5G in Kolkata, Limited to Eden Gardens

Vodafone Idea (Vi) launches 5G services in Kolkata, initially available only at Eden...

Sensex, Nifty Plunge: Trade War Fears Hit Markets

Indian stock markets suffered their worst single-day decline in 10 months as fears of a...

Nabard, HSBC Invest Rs 80 Cr in OPL for Digital...

Nabard and HSBC invest Rs 80 crore in OPL, a digital credit infrastructure company, to...

India's IT Sector Not Overly Concerned by...

India's electronics and IT sector manufacturers are not overly concerned about the...

Delhi Airport Launches Bus Service to Agra

DIAL introduces a new twice-daily luxury bus service connecting Delhi Airport to Agra,...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2025 Rediff.com