PTI, New Delhi :
Onion prices at Lasalgaon in Maharashtra-Asia’s biggest wholesale market for onions- Friday touched Rs 54 per kg, the highest so far this year, due to tight supply of the crop.
In the price-sensitive Delhi market and some other parts of the country, retail onion price has shot up to Rs 80 per kg.
Further spike in prices is expected both in wholesale and retail markets as the tight supply situation would continue in the wake of likely fall in kharif production and delay in arrival of the fresh crop.
As per the data maintained by the National Horticultural Research and Development Foundation (NHRDF), the wholesale onion price at Lasalgaon increased to Rs 54 per kg on Friday from Rs 52 per kg on Thursday.
The current wholesale price is higher than the average rate of Rs 41 per kg and Rs 15 per kg that prevailed in August 2013 and 2014, respectively.
“Prices are rising day by day due to decline in onion stocks. Adding to the supply worries is that this year’s kharif output is also expected to be lower in key growing states due to deficit rains,” NHRDF Director R P Gupta said.
There is deficit rains in most parts of Maharashtra, north interior Karnataka and Andhra Pradesh, which has caused delay in planting of kharif onion, he said.
Onion prices at Lasalgaon in Maharashtra-Asia’s biggest wholesale market for onions- Friday touched Rs 54 per kg, the highest so far this year, due to tight supply of the crop.
In the price-sensitive Delhi market and some other parts of the country, retail onion price has shot up to Rs 80 per kg.
Further spike in prices is expected both in wholesale and retail markets as the tight supply situation would continue in the wake of likely fall in kharif production and delay in arrival of the fresh crop.
As per the data maintained by the National Horticultural Research and Development Foundation (NHRDF), the wholesale onion price at Lasalgaon increased to Rs 54 per kg on Friday from Rs 52 per kg on Thursday.
The current wholesale price is higher than the average rate of Rs 41 per kg and Rs 15 per kg that prevailed in August 2013 and 2014, respectively.
“Prices are rising day by day due to decline in onion stocks. Adding to the supply worries is that this year’s kharif output is also expected to be lower in key growing states due to deficit rains,” NHRDF Director R P Gupta said.
There is deficit rains in most parts of Maharashtra, north interior Karnataka and Andhra Pradesh, which has caused delay in planting of kharif onion, he said.
