Government imposes stock limit on onion traders

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New Delhi: Onion prices are soaring across the country. In order to low down the prices of onion, the government on Friday decided to invoke stock limit norms on retail and wholesale traders to improve the domestic availability.

In a tweet, consumer affairs minister Piyush Goyal said, “To control rising onion prices and curb hoarding, PM @NarendraModi government has taken the immediate step. The stock limit of onion has been fixed at 25 MT for wholesalers and 2 MT for retail traders.”

The revised stock limit norms come into effect from today and will be valid till December 31.

According to the media report, the rise in prices of onion was being monitored very closely on a day-to-day basis through a Dashboard by the Department of Consumer Affairs and called for immediate steps to cool off the spiralling trend.

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