OTHER GROUP COMPANIES
market

Retail onion prices may touch Rs. 100/kg in Delhi

The Delhi government said it is considering to open outlets across the city so that the vegetable is available at reasonable rates

August 07, 2013 10:00 IST | India Infoline News Service
Once again prices of onion are likely to escalate to Rs. 100 a kg in the retail market of the national capital as supplies from Nashik and Rajasthan have come down because of rains. At present, prices of onions are being quoted at Rs. 70-Rs. 80 a kg at various retail markets in Delhi, according to media reports.

The vegetable is selling at Rs. 55 a kg (retail), a big jump from Rs. 38 last week. And the prices are more likely to go up than come down. According to traders and officials, prices of retail onion may touch to Rs. 100 per kg in Delhi, the reports added.

At the Azadpur Mandi in Delhi, wholesale market prices were quoted at Rs. 3,250 a quintal as against Rs. 2,650-Rs. 2,800 a week ago. The increase in wholesale prices is reflected as a sharp increase in retail prices.

Onion prices have increased more than thrice since April. However, arrivals have declined from about 18,600 quintals a day to about 7,500 quintals.

Arrivals at the Lasalgaon market, India's largest onion market in the western state of Maharashtra, stood at 7,540 quintals on Monday, against 22,430 quintals in August 2012, the National Horticultural Research and Development Foundation (NHRDF) data indicated.

In the same period, prices have zoomed from Rs. 540 a quintal to Rs. 3,000 a quintal. On August 1, prices stood at Rs. 2,401 a quintal.

Onion is a common ingredient in many Indian dishes. Concerned about the hike in onion prices, the Delhi government said it is considering to open outlets across the city so that the vegetable is available at reasonable rates.

The government however, expressed hope that the rising price trend would reverse in next 7-10 days.






OPEN A DEMAT ACCOUNT & Get
FREE Benefits Worth 5,000

FEATURED ARTICLE

BLOGS

Open Demat Account

  • 0

    Per Order for ETF & Mutual Funds Brokerage

  • 20

    Per Order for Delivery, Intraday, F&O, Currency & Commodity