Onion Prices: ₹ 400 kg garlic crosses ₹ 80, price crosses ₹ 80, price at 5-year high, know how long the price can fall?
The scorching heat ended, the tension of rain and floods also went away, but the price of onion is not taking the name of decreasing. The price of onion has once again seen a boom. In most cities of the country, onion prices are being sold from 80 to 100 rupees a kg.
Onion Price: The scorching heat is over, the tension of rain and floods also went away, but the price of onion is not taking the name of decreasing. The price of onion has once again seen a boom. In most cities of the country, onion prices are being sold from 80 to 100 rupees a kg. At the same time, the price of garlic has crossed Rs 400 a kg. The price of green vegetables including potato-onion, garlic has spoiled the budget of the kitchen. Not only the customer but also the seller is upset. The mandis have started looking empty. People are managing without it to deal with expensive onions.
Expensive onion crying
The price of onion has touched the Rs 80 per kg mark, showing a boom. Both customers and sellers are upset with the price of onions. Its price in the wholesale market was Rs 40-60 per kg, it has increased to Rs 70-80 per kg. At the same time, the price of garlic has reached Rs 300 in the wholesale market and Rs 400 in the retail market. The double price of green vegetables has started affecting people's pockets.
Why onion is expensive again
The major reason behind the rise in onion prices is the disruption in the supply chain. According to onion and garlic traders in Azadpur Mandi, the old crop is over and new crops are not being supplied. Onion prices continue to rise due to lack of new crop and increase in exports. According to the Economic Times report, prices have increased due to crop failure in Rajasthan, Maharashtra and Karnataka. The price of the best quality onion has increased from Rs 51 to Rs 70 per kg in the Pimpalgaon market of Nashik. At the same time, exports have also gained momentum after Bangladesh removed import duty on onions.
Onion breaks 5-year record
The price of onion has broken the record of the last 5 years. Onion prices have crossed a five-year high of Rs 54 per kg at the benchmark Lasalgaon market in Nashik. Wholesale prices of onion have increased by 30 to 35% due to lack of supply and spurt in demand. Due to the rising price, onion has broken its record of the last 5 years. On December 2019, onion prices had reached Rs 5,656.