Economic Survey 2021 Onion prices skyrocket August November

Economic Survey 2021 Onion prices skyrocket August November every year buffer stock policy Budget 2021


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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.

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