Onion prices cross Rs 73, know where onion is getting most expensive in the country

0
547

Experts and traders say that heavy rains in the south and western regions have affected the supply of onions.




According to data from the Union Consumer Affairs Ministry, retail onion prices in Chennai reached Rs 73 per kg on 20 October. Among metro cities, Chennai sold the most expensive onion. This increase in onion prices has been recorded due to supply problems due to heavy rains in onion producing areas. According to these figures, onion price in Delhi stood at Rs 51 per kg on Tuesday. At the same time, in Kolkata it stood at Rs 65 per kg. The price of one kilogram of onion in Mumbai was at Rs 67.

Also Read: Market live: Market gains, Nifty around 11,900, IT shares shine

Experts and traders believe that heavy rains in the south and western regions caused supply disruptions and affected the arrival of kharif crop. It is likely to pick up in the coming weeks. Currently, the stored onion of rabi crop is being sold in millet. Normally, consumption areas are under pressure during this time, but rain has caused problems in major production areas, affecting supply.

According to the data of the ministry, the retail price of onion has seen a rise in the south and west zones. Onion prices in Chennai reached Rs 73 per kg, compared to Rs 33 per kg in the same period last year. In Mumbai, onion was sold at Rs 56 per kg last year, compared to Rs 67 per kg this year. Whereas Kolkata was selling at Rs 60 per kg last year. This year it is selling at Rs 65 per kg. Last year in Delhi was Rs 46 per kg, which has increased to Rs 51 per kg this year. At the same time, onion prices in Nashik, famous for onion production, reached Rs 66 per kg on Tuesday, compared to Rs 35 per kg last year.

In order to improve the availability of onions in the country and curb the rising prices, the government last month banned onion exports.