Government to buy onions at ₹15/kg this kharif season
Big news for onion lovers—this year, the government has nearly halved its buying price to ₹15 per kg (down from ₹29 last year) to build up buffer stocks and keep prices steady during the festival season.
Plan to buy from these districts
The plan is to buy 0.3 million tons mainly from Maharashtra's Nashik, Pune, and Ahmednagar districts, plus parts of Madhya Pradesh and Gujarat.
These spots were picked to help keep onions available all year round.
Production up by 27% this season
Onion production shot up by 27% this past season, hitting almost 31 million tons.
That led mandi prices in major markets like Nashik and Lasalgaon to drop over 30%, now sitting between ₹14-15 per kg.
Retail prices also slid by about a third, landing at ₹28/kg in July.
Less likely to see wild swings at your local market
Last year's onion price spike had everyone worried, but this time the government is ready—with more onions in storage at lower costs—so you're less likely to see wild swings at your local market.