Centre sets MEP for onions, retail prices to stabilise

Aurangabad | Thursday | 23rd November, 2017

Summary:

The retail prices of good quality onions in Nashik have touched Rs 50 per kg, while the retail prices in major cities like Mumbai and Delhi have reached up to Rs 60 per kg. "The Union government is taking various measures to stabilise rising onion prices in the domestic markets, one of which is setting an MEP. The next month, the Centre implemented zero MEP on onions.Meanwhile, the average wholesale onion prices at Lasalgaon were recorded at Rs 3,200 per quintal on Thursday. Following this, the retail onion prices had touched Rs 100 per kg in Delhi and Mumbai and Rs 80 per kg in Nashik's retail market in the last week of August that year. The minimum and maximum wholesale prices were recorded at Rs 1,700 and Rs 3,855 per quintal..