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Volatility in Onion Prices can be managed through appropriate mechanisms and interventions

Dated:- 17-10-2015 - The Member of NITI Aayog, Prof. Ramesh Chand has said that the . These measures include among others- enhancing of storage infrastructure, stocking of onion by central agencies like NAFED, state level agencies and by public parastatals. In addition, promoting onion cultivation in other states like Uttar Pradesh and popularizing onion production in kharif season can be the options. He shared the views in a blog post published on the website of NITI Aayog in New Delhi today. T .....

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ast 13 years since 2000-01. No other food crop in India shows this type of spectacular growth in the recent years. However, domestic and overseas demand for onion seems to be outpacing growth in supply. Per capita availability of onion has increased from 4.0 Kg in year 2002-03 to more than 13 Kg in recent years, showing an increase of 12 per cent every year. This growth in per capita demand for onion reflects mind boggling change in preference of Indian consumers for onion. It also implies that .....

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acks has added considerably to increase in per capita onion consumption as onion is the main and strong ingredient for attracting consumers to spicy food. Rising preference for onion also seems to be becoming more rigid making it highly inelastic to price changes. Demand for onion has assumed the nature of necessity like staple foods. Further, India consumers have very strong preference for fresh onion. Thus, small variation in production results in disproportionately large variation in prices. .....

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treated as inevitable rather than seeking a solution to avoid their recurrence. Past price trends show a clear pattern in price spikes and high prices rule only for a few months. This implies that excessive volatility in prices can be managed through appropriate mechanisms. Any such mechanism that check steep rise in onion prices will be of great relief to the consumers. The primary factor for triggering abnormal hike in prices is production shock generally caused by weather related events. Stud .....

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