Onion Price Rise: Centre May Impose Stock Limit On Traders

New Delhi: The Centre will consider imposing a stock limit on onion traders if retail prices continue to remain high even after exhausting the buffer stock, Union Food and Consumer Affairs Minister Ram Vilas Paswan said on Tuesday.

The government will “wait and watch” the price situation for some time for imposing the stock limit as it is equally concerned about the interest of farmers, he added.

Agriculture Minister Narendra Singh Tomar also assured that onion prices will calm down in the next few days as supply is being improved in the domestic market by central agencies like Nafed.

According to market insiders, the retail prices have shot up owing to tight supplies. “We have taken the best possible measures so far to boost supply and contain onion prices. We have to look at other options like stock limit if the current high price situation continues,” news agency PTI quoted Paswan as saying.