People facing inflation are on the rise due to sudden rise in prices of onions. Once again, onion prices have crossed Rs 60 in many parts of the country. Onions are being sold from 70 to 80 rupees a kilo at hawks and small shops in Noida sectors. Onion prices have risen by Rs 10 to 15 in the last two days.
Actually, due to unseasonal rains and hailstorms in Maharashtra, onion crop was damaged in large quantities. With this, the average wholesale price of onion has risen from Rs 970 per quintal to Rs 4200-4500 per quintal in the last 2 days at the Agriculture Produce Market Committee in Lasalgaon Mandi, near Nashik, Maharashtra, Asia’s largest onion market. Onions are shipped across the country from Lasalgaon in Nashik. Sometime ago, due to unseasonal rains and hailstorms in Maharashtra, the onion crop was damaged in large quantities. This reduced the arrival of onion in the wholesale market. This is said to be the most important reason for onion being expensive. According to a trade, the price has increased due to rain. On February 20, the price of onion in Lasalgaon Mandi is being sold at Rs 3,500-4,500 per quintal.
There has been a tremendous boom in the last two days across the country.
Onion prices have risen in the last two days. The price of onion in the retail market of Delhi has increased to 60 rupees once. Alam is that onion prices have registered a second spurt in the last 30 days. Under which the wholesale price of onion has increased by 40 percent. The onion trader of Azadpur mandi said that the prices have increased due to crop failure. In the past, the onion market was being sold at a wholesale price of 20 to 30 rupees. Its prices have reached 25 to 40 rupees a kg. In Noida too, there has been a big jump in onion prices in the last two days. Wholesale rates of onion have gone up by one thousand to 12 hundred rupees. Onions are being sold from 70 to 80 rupees a kilo at hawks and small shops in Noida’s sectors.
Wholesale prices rise by 40 percent
Onion prices in Gorakhpur doubled in a month. About 30 days ago, where the price of onion in bulk was Rs 24 per kg in the market, today it sold at the rate of Rs 45 per kg. A month ago, onion was retailing at Rs 30 per kg in the retail market, whereas on Sunday it is being sold at Rs 60. At the same time, the price of onion has increased by Rs 20 in one and half month in Jharkhand. In Jharkhand, onion is once again on the road to fade kitchen flavors. In the districts of Jharkhand, including Ranchi, the price of onion has increased by Rs 20 in one and a half months. Onion prices in Prayagraj have been increasing continuously for the last one and a half months. Retail onion is currently being sold for Rs 50 to 55 kg and in bulk for Rs 3500 to Rs 4200 per quintal.
Price may decrease from March
According to onion traders, it may take 10 to 15 days for the price of onion to come down. There is hailstorm in Nashik on Thursday. Now it will take 10-15 days for the fields to dry up. In such a situation, it is believed that Nashik will have to wait till March for onions. Only then can the price decrease.