Wholesale traders will be able to hold 500 quintals while retail traders are allowed to stock 100 qunitals of the bulb as per the notification. All these measures are in order to cool down the prices of onion in the wholesale and retail markets.
Noting that in the past onions from Nashik were exported to countries such as Sri Lanka, the former union agriculture minister alleged that policies of the BJP-led government were responsible for the present situation.
“Reports also reveal the nexus with traders in the Northeast where wholesale onions did not sell below Rs 26-27 per kg. There are reports of mandis being closed down erratically, creating distortion in the demand supply chain,” Central govt letter said.