Onion prices up in India: No hope of relief until March

In the wake of a supply drop, onion prices in India have almost doubled in the last few days. The onion, at the beginning of the year, was being sold at 25 to 30 rupees per kg (€0.28-0.33). Meanwhile, the onion price crossed Rs 60 per kg in some cities on Saturday. The reason for the hike is said to be the unseasonal rains in Maharashtra, that impacted onion prices.

Also, the onions have become expensive because of the rising petrol and diesel prices. According to the experts, the onion prices are expected to fall down only after March, when new onion yields will come into the market.

The chairperson of Lasalgaon APMC said that onion supply has also come down from South Indian markets. At the same time, there is not much supply from Gujarat, Madhya Pradesh. Likewise, the central government has also opened onion exports in January, due to which the prices have increased by Rs 1,000 per 00 kgs. He said that a new consignment of onions will start coming in March, after which prices are expected to come down.

Source: ptcnews.tv


Photo source: Dreamstime.com


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