Economy
Onion Prices Surge 118% Year-on-Year; Kanda Express Launching Monday
The Times of India1h
THE BRIEF
1
Onion prices have surged by 118% compared to last year, with rates at the Lasalgaon market hitting ₹3,750 per quintal due to supply constraints.
2
To stabilize retail prices, the Centre is launching the 'Kanda Express' on Monday, August 24, to expedite the distribution of buffer stocks across the country.
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The government has allotted its full onion buffer stock for retail sale to curb further price hikes ahead of the upcoming festive season.