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India - Ecoomy - Agriculture

A labourer carries a sack of onions to deliver at a retail shop in Kolkata, India,August 27,2019 . Amidst its constant endeavour to reign in the soaring prices of onion the government is contemplating several measures – the latest being to buy onion through National Agricultural Cooperative Marketing Federation of India (NAFED) to increase supply. The government is planning to buy 50 thousand tonnes onion through Nafed that will increase supply of the kitchen staple has seen manifold jump in the last one month. Onion prices have jumped nearly 75 percent in the last one month after supply crunch from states like Maharashtra, Karnataka and Madhya Pradesh. Severe floods have also affected the crop in these states. Government had earlier said that will also consider strict action against hoarding and profiteering activities and evaluate the need for imposing minimum export price (MEP) on onion if the situation so demands. (Photo by Debajyoti Chakraborty/NurPhoto)

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