Onion prices decline in Delhi on increased arrivals

New Delhi, Nov 28 (UNI) Onion prices eased further in markets of Delhi on increased arrival of stock as retail prices of Onion, a politically sensitive commodity, declined to Rs 14 over the week ending November 26, 2007 as compared to Rs 15 in the previous week.

Last month, the government made it mandatory for exporters to obtain an export licence from the Director General of Foreign Trade (DGFT) and a no-objection certificate from canalising agencies.

However, this month the government once again allowed exports without DGFT licence.

Potato prices in Delhi decreased to Rs 12 from Rs 13 a week ago, while vanaspati was cheaper by two rupees to support prices of Rs 60.

Held steady for a week in Delhi was Rice at Rs 16], Sugar at Rs 17], groundnut oil at Rs 121, and mustard oil at Rs 64.

However, an increase in prices was seen for commodities like tur which increased by Rs two to Rs 41, gram from Rs 35 to Rs 36, and tea (loose) from Rs 108 to Rs 109.

Across the country prices of wheat at retail level remained steady at all the centres monitored by the monitored by the Department of Consumer Affairs.

Retail price of sugar remained steady over the week across most of the centres in the country.

Prices of gram dal generally remained steady across majority of the centres while prices increased at Delhi and Patna, and decreased at Shimla, Guwahati and Shillong.

The department added in a statement that out of 1.22 MT pulses contracted for import, 0.75 MT has arrived in the country by November 22, 2007.

UNI