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Onion price falls due to govt action against hoarding

Onion price falls due to govt action against hoarding

Wholesale onion prices fell by up to ₹10 per kg in key consuming markets

Daily arrival in Delhi’s Azadpur mandi, the world’s largest vegetable market, rose to over 530 tonnes

In Lasalgaon, Asia’s largest wholesale onion market, the price dropped by ₹5 per kg to ₹51 per kg

On October 23, the government had invoked the Essential Commodities Amendment Act

Imposed stock limits of 2 tonnes for retailers and 25 tonnes for wholesalers till December 31

It was soon after onion prices surged at an alarming rate, reaching Rs 100/kg in some markets

Govt estimates about 6 lakh tonnes fall in onion production to 37 lakh tonnes this Kharif season

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