A sudden shortage of onions and subsequent price hikes have prompted APMC traders to import this produce from Iran and Egypt. Hundreds of tonnes have arrived at JNPT, raising hopes that prices will drop soon soon.
While Indian onions sell for Rs 60-75/kg at the APMC market in Navi Mumbai, Iranian bulbs can touch a maximum of Rs 55/kg, said one trader. The average wholesale price of Indian onions was Rs 21/kg last month.
According to mumbaimirror.indiatimes.com, many traders said the shortage is unprecedented for October. “The supply usually gets hit at the end of November,” said the same trader. “This is surprising since not all restaurants are back in business and large public gatherings with catered meals are still barred.”
“The APMC market got 700 tons of onion mid-September, but the supply dropped to 400 tons this month,” said another trader.
[ Rs100 = € 1.20 ]