With retail prices failing to cool down, the ministry has further reduced the stock limits on retailers to 2 tonnes from the existing level of 5 tonnes with immediate effect, the statement added.
As per the ministry's data, maximum retail prices are ruling at Rs 165 per kg on Monday, while modal price was at Rs 100 per kg. In most cities, onions are quoted over Rs 100 per kg in retail markets, pinching hard on consumers' pocket.
The government has taken several measures to improve the supply of onion across the country and check price rise. Besides banning export, the government is boosting the supply through various modes including through sale of buffer stock onions at a subsidised rates and imports.
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