Can't eat without onions? It might burn-a-hole in your pocket
The wholesale onion prices in the national capital have shot up to Rs. 23 per kg in the last ten days on tight supplies from the producing states, a traders' body said. A similar increase was seen in the retail markets, where the kitchen staple was quoted in the range of Rs. 30-40 per kg depending on the quality and locality. Here's more.
The arrival of new Kharif crop yet to begin
"There has been Rs. 7-10 per kilo increase in wholesale rates of onion in the last ten days," said Rajendra Sharma, General Secretary, Onion and Potato Merchants' Association (Azadpur mandi). Not only the price gap between the old and new crop has come down, but also the arrival of new Kharif crop is yet to begin in full swing, he said.
List of major onion producing states in India
The main reason for the delay in new Kharif crops is that farmers have not started harvesting due to the festive break. The major onion producing states are Maharashtra, Gujarat, Orissa, Karnataka, Uttar Pradesh, Andhra Pradesh, Tamil Nadu, Bihar, Punjab, and Rajasthan.
Prices skyrocket at Asia's largest wholesale market for onion, Lasalgoan
Meanwhile, at Lasalgoan in Nasik district of Maharashtra, Asia's largest wholesale market for onion, prices skyrocketed to Rs. 21-22 per kg. Reason being reports of a possible drop in the Kharif output of the bulb crop because of heat waves in the state. The prices were ruling at Rs. 15 per kg in the year-ago period at the Lasalgoan market, official data showed.
