Prices of onion cheaper than last year, says Centre  
Onion prices had started rising from the first week of October, due to rains that disrupted the supply chain. In order to cool down prices, the Department of Consumer Affairs had 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 Centre said. As a result of these steps, the all India retail price of onion on Wednesday was Rs 40.42 per kg while the all India wholesale price was Rs 3,253.53 per quintal.