New Delhi, 21 July: Wary of steep rise in onion prices that could further push up food inflation, the government may ban export of the commodity to improve domestic supply and keep rates under check.
“We are keeping a close watch on onion prices. We are thinking (of) various options, including ban on onion export, to control prices,” a senior government official said.
Both wholesale and retail prices of onion have risen sharply in the past few weeks in most markets due to supply constraints, following heavy rains in producer states like Maharashtra.
The retail price of onion has touched Rs 30-40 per kg in Delhi. pti