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    Onion prices at Rs 10/kg from Rs 100 in 2019 as demand falls

    Synopsis

    The wholesale onion prices have declined to Rs 8-10/kg in most markets of the country, including consuming centres like Delhi, Mumbai as well as growing markets like Nashik and Indore.

    Agencies
    Onion prices have already decreased by 50% in past five weeks and are expected to crash by May if it does not receive government support.
    PUNE: Onion prices are rapidly coming down as lack of domestic as well as export demand and surplus production in India and the rest of the world puts pressure on prices. Onion prices have already decreased by 50% in past five weeks and are expected to crash by May if it does not receive government support.

    Retail onion prices had crossed Rs 100 per kg in 2019 and at farm gate prices had crossed Rs 50/kg. Thanks to high returns, area under onion crop has increased in India as well as other onion producing countries, said trade sources.

    “In India, the rabi crop is more by about 40%. However, there are many issues like lack of labour for grading and packing onions for storage and export. Lack of demand in India as well as for export due to prevailing lockdown conditions in most countries,” said Danish Shah, a veteran onion exporter.

    The wholesale onion prices have declined to Rs 8-10/kg in most markets of the country, including consuming centres like Delhi, Mumbai as well as growing markets like Nashik and Indore. About five to six weeks ago, wholesale prices were ruling around Rs 16-18/kg.

    (Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.)

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    12 Comments on this Story

    Hemant Pisat114 days ago
    False news article. Onion retails at Rs.40/- per kg currently. News agencies probably are not on same page as people.
    Dhanala Vengalarao115 days ago
    pershible and political commodity ,
    Dhanala Vengalarao115 days ago
    only one nafed have been market the commodities various types for the entire country , is not sufficient to cover all the produce of marketing, the state governments to take care entire process and needful action taken thoughroly.
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