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Onion prices double to Rs 53.52/kg as government offloads buffer stock at Rs 35/kg

Our read

With retail onions at Rs 53.52/kg, double last year, and government buffer stock selling at Rs 35/kg, look for ways to source buffer supply, avoid locking in purchases at peak prices, and plan for rises until end of October before prices soften.

Watch

Weekly retail onion price falling below Rs 53.52/kg before October ends

Ask next

Which other rule changes affect Indian retailers this month?

The report,

Retail onion prices hit Rs 53.52/kg on Friday, up 100% year on year, while sugar rose 19% and rice 9%. Retail food inflation was 5.95% in August. The government is offloading buffer onions at Rs 35/kg and rice stock to curb prices.

Onion retail price is Rs 53.52/kg, above the Rs 35/kg buffer stock rate
  • Retail onion price on FridayRs 53.52/kg
  • Subsidised buffer onion rateRs 35/kg

Newer report , , Financial Express : India rules out pulses import duty cuts as buffer stock hits record 4.5 million tonne, tur retail up 12%

  • wudhomes: +Rs 2.5 crore pre-seed
  • MakeO: +₹90 Cr raised

Reported figures

From the report. Source details below

Government rice stock: 38 million tonnes

What to watch next

  • September retail food inflation printing above or below August's 5.95%
  • Volume and reach of buffer onion sales at Rs 35/kg
  • Sugar staying near +19% year on year, or rice moving away from +9%
  • Fresh onion arrivals in markets after October

The source

Source Read the source at Financial Express

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