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Onion prices skyrocket in Aug-Nov every year; govt must review buffer stock policy: Economic Survey
Expressing concern over a sharp rise in onion prices during August-November every year, the Economic Survey recommended review of the government s buffer stock policy, adding that the key kitchen item should be stored in modern cold storage facilities and distributed timely to reduce wastage of huge quantities.
The pre-Budget Survey also said the government should promote the use of dehydrated onions that have longer shelf life for buffer stock purpose, while the hydrated variety should be sold early.
Onion prices had skyrocketed to as high as Rs 100 per kg in the retail markets few months back, forcing the government to ban exports, allow imports and impose stock limits. The exports curbs have been lifted now with softening of prices.
Onion Prices Skyrocket in Aug-Nov Every Year; Govt Must Review Buffer Stock Policy: Economic Survey
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Expressing concern over a sharp rise in onion prices during August-November every year, the Economic Survey recommended review of the government s buffer stock policy, adding that the key kitchen item should be stored in modern cold storage facilities and distributed timely to reduce wastage of huge quantities. The pre-Budget Survey also said the government should promote the use of dehydrated onions that have longer shelf life for buffer stock purpose, while the hydrated variety should be sold early. Onion prices had skyrocketed to as high as Rs 100 per kg in the retail markets few months back, forcing the government to ban exports, allow imports and impose stock limits. The exports curbs have been lifted now with softening of prices. While analysing onion price seasonality and effective policy measures in great detail in the report, the Survey rued that the prices
COVID-19 crisis: Retail inflation may stay elevated in short-term, say experts
Experts believe retail inflation is likely to average around 6.3 per cent this fiscal and mostly will remain sticky going forward owing to pick-up in demand across sectors
PTI | December 18, 2020 | Updated 15:14 IST
After unseasonal rains, supply disruptions and pandemic-induced woes pushed retail inflation well over the Reserve Bank s comfort zone in 2020, the scenario is likely to stay that way at least in the short term as economic recovery slowly gains foothold. For most part of this year, pricier food items pushed the retail inflation, based on Consumer Price Index (CPI), higher in the range of 6.58-7.61 per cent, except for March when the reading was 5.91 per cent.
NEW DELHI, Dec 18: After unseasonal rains, supply disruptions and pandemic-induced woes pushed retail inflation well over the Reserve Bank’s comfort zone in 2020, the scenario is likely to stay that way at least in the short term as economic recovery slowly gains foothold.
For most part of this year, pricier food items pushed the retail inflation, based on Consumer Price Index (CPI), higher in the range of 6.58-7.61 per cent, except for March when the reading was 5.91 per cent.
Experts believe retail inflation is likely to average around 6.3 per cent this fiscal and mostly will remain sticky going forward owing to pick-up in demand across sectors.