Centre hikes onion procurement price by 13%
AI Summary
The Indian government has increased the procurement price for onions by 13% in response to rising retail onion prices and farmers' concerns over inadequate returns despite higher costs. This move aims to support farmers amid inflationary pressures.
The move comes amid rising retail prices of onions over the last month, even as farmers in various States complained that they were not getting remunerative prices in spite of higher input costs.
World Politics Markets Commodities India onion prices procurement price farmers inflation agriculture