As onion prices hit Rs 80: CCI seeks information from state govts

Sep 22 2013, 15:57 IST
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CCI has aske state governments to provide information so as to detect presence of any malpractice that could have possibly contributed to the soaring onion prices in India CCI has aske state governments to provide information so as to detect presence of any malpractice that could have possibly contributed to the soaring onion prices in India
SummaryCartelisation and hoarding were factors behind high onion prices in 2012.

Change.

"Results of seasonal indices, correlations, daily, monthly arrivals, their prices, etc, indicated existence of anti-competitive elements in the onion markets.

"A few big traders having well-connected networks with market intermediaries in other markets seem to play a major role in hoarding for expected high prices," the study had found.

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