Govt businesses to purchase pink onion as costs plunge on surplus output

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The federal government on Tuesday stated it has directed two of its businesses to “instantly intervene” and buy pink onion crops from the market after costs fell considerably over the past month, leading to protests by farmers.

Costs of the crop have fallen to as little as Rs 200 per 100 kilograms prompting some farmers to dump the crop in fields in Maharashtra, the biggest producer of pink onion within the nation, the place charges have fallen sharply.

“The consultants attribute this fall resulting from general elevated manufacturing in different states, lowering the dependence on the provides from the most important producing district of the nation i.e. Nashik,” the federal government stated in a press release.

India is the world’s largest exporter of onion, primarily assembly demand of Asian nations together with Bangladesh, Nepal and Malaysia.

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