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Last week, the government banned onion exports till March next year after retail price crossed Rs 80 in several markets to put a lid on the sharp price rise of the vegetable.
The government had earlier taken measures in August, imposing a 40 percent duty on onion exports until December 31, 2023.
Soon after the decision to ban the exports till March 31, 2024, prices of onion saw a sharp correction in the wholesale markets in Nashik.
On Friday, the all-India daily average retail price of wheat was Rs 30.96/kg, 1.18% higher than last year’s Rs 30.6/kg.
Bharat Digole, president of the Maharashtra State Onion Producers’ Organisation, said the firming of prices shows that the government procurement has neither benefited the farmer nor the consumer.