Onion Prices move up, may touch Rs.150

Onion Prices move up, may touch Rs.150

Agency News

Delhi: All metros across the country the inevitable vegetable of the kitchen, Onion has become expensive day by day. On Wednesday, the Onion price has touched at Rs 110-130 per kg.

The experts say the onion price may go up further to touch Rs 150 a kg if wholesale prices are any indication.

At Nasik, the highest wholesale rate was Rs 5,400/40 per kg, which means Rs 135 a kg. The wholesale price of onions of the summer variety rose to Rs 11,000 per quintal on December 2, during an auction at the Kalwan Agriculture Produce Market Committee (APMC), Nashik in Maharashtra.

The reason for the price rise attributes to the last year’s flood in the major destinations where onion cultivates. The prices will likely be continuing dearer at least till January when the new crop hits markets in Nasik and Bengaluru, a trader said. In an effort to stabilise prices, the West Bengal government has been selling onions at subsidised rates through ''Sufal Bangla'' stores and mobile vans.

The Centre has already banned onion exports and decided to import 1.2 lakh tonnes, besides imposing stock holding limit on traders. Many traders, however, claimed that the vegetable is being illegally exported to neighbouring Bangladesh from the border areas of West Bengal.