After a severe shortage of over three months, fresh stock of onions have flooded markets in the city. The wholesale price of onions that had reached ₹90 a kg (€0.99) over the over the last two months, is now down to ₹30 (€0.33), said Ravi Kumar from the Bangalore Onion and Potato Traders’ Association. At this point in time, onions are retailing at around ₹45, but a price correction over the next two weeks is expected.
Chandrashekhar Hebbar, president, Karnataka Regional Hotels and Restaurants’ Association, said they were happy that good quality onions had come back with a price connection. “Onions are a staple, especially in North Indian and Chinese cuisines. … The ideal price for us would be at ₹25, a kilo, which we hope it will come down to in the next few weeks.”
According to Ravi Kumar, a new crop has been harvested in Nashik and surrounding districts of Maharashtra, which has been flooding the State’s markets over the last one week. “The previous crop was severely damaged due to heavy rains and floods, which had made the onions wet. Thankfully, there were no untimely rains this season, and the onions are of a good quality,” he explained.
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