Chances of onions price to cross Rs.100/kg

August 22, 2015 14:04
Chances of onions price to cross Rs.100/kg

Onions price is rising day by day and as of, there are suspicions that onions may cost Rs.100 per kg in Delhi.

Just a 2 weeks before, onions cost was Rs.80 in Delhi, which is already a very high and almost out of the question to the common man. Adding to this, it is now found out that there is a huge deficiency in the supply of onions. So regarding this, the traders are expecting that, the onions price may increase to another Rs.20 and reach Rs.100 per kg in Delhi, as a substantial jump in prices was reported from Delhi's wholesale mandis.

Along with the onions, even the prices of pulses have also gone up considerably in the past three weeks. According to the data, 1300 tonnes reached Delhi on Friday, which is over 50% of the total arrival in all mandis in Maharashtra. A year back, 900 tonnes reached Delhi mandis, when the price was just half the price of now.

Government imports Onions in September

Keeping in mind the burden of the common public, the government is going to import onions in September. Before that time, the traders are making their best efforts to sell as many as possible tones of onions, to earn huge profits, by selling them at heavy prices.   

“Odisha, Telangana and West Bengal states are notified the stock limits for traders to store onion at any given point of time,” according to the consumer affairs department sources.

"The price has gone up substantially after there was news that the first effort to import 5,000 tonnes of onion did not happen. So, traders are holding up their stocks for prices to spike further," said a government official.

This critical situation would continue till the last week of the September, when fresh produce from Andhra Pradesh, Maharashtra, Rajasthan, Karnataka and Gujarat start arriving at mandis.

Onions are considered to be the key item in the kitchen. So if the same situation continues in the country. Days would be tougher for a common man.  

By Phanindra

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Tagged Under :
Onions  AP  Delhi