New Delhi, Nov 3 (TIWN) Prices of onion are now cheaper than last year with all India retail price at Rs 40.13 kg and wholesale price at Rs 3,215.92 per quintal.

"In order to cool down prices, the Department of Consumer Affairs has taken up calibrated and targeted release of onions from the buffer on First-in-First-Out (FIFO) principle, guided by the twin objectives of moderating prices and ensuring minimal storage loss," the ministry said.  "Till November 2, 2021, a total of 1,11,376.17 metric tons (MT) has been released in major markets such as Delhi, Kolkata, Lucknow, Patna, Ranchi, Guwahati, Bhubaneshwar, Hyderabad, Bangalore, Chennai, Mumbai, Chandigarh, Kochi and Raipur. In addition, onions are disposed of in local markets in Maharashtra, Madhya Pradesh and Gujarat," it added.