In order to contain onion prices, the Centre has imposed stock holding limit on retail and wholesale traders till December 31 to improve the domestic availability of the commodity and provide relief to consumers.
Consumer Affairs Secretary Leena Nandan said retailers can stock onion only up to 2 tonne, whereas wholesale traders are allowed to keep up to 25 tonne. She said the government had to invoke the Essential Commodities (Amendment) law -- which was passed last month in Parliament -- that allows it to regulate perishable commodities in the extraordinary price rise situation.
Onion prices have shot up sharply to over Rs 75 per kg in the last few weeks in the wake of damage to standing Kharif crop in producing areas due to heavy rainfall.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: