SENSEX
NIFTY
GOLD
USD/INR

Weather

image 39    C

Global Business News

The Economic Times

Global Business / The Economic Times

details

Govt raises onion procurement price by 13% as buffer stock buying struggles

Government hikes onion procurement price by 13% to Rs 2,125/quintal, effective July 4, 2026, to boost buffer stock purchases amid a slow start. This is the fifth increase this season, with only 2,000 tonnes procured so far. Despite production parity, seasonal price rises are expected, though overall availability remains stable. Speculative buying is noted due to delayed monsoons, while exports face competition from cheaper foreign produce.

4 Jul 2026 2:12 pm