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Onion prices soar, to remain high till Oct
Onion prices soar, to remain high till Oct. Unseasonal rains, lower production and resultant shortages have made the onion dearer again, with prices soaring. Merchants say the prices will remain high till October when the next crop reaches markets across the country.
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New Delhi/Mumbai: Unseasonal rains, lower production and resultant shortages have made the onion dearer again, with prices soaring. Merchants say the prices will remain high till October when the next crop reaches markets across the country.
Of the 20 million tonnes produced last fiscal (2014-15), about 30-35 percent was damaged in unexpected rains from February to April after the January-March) crop was harvested, an apex trade body said.
“The damage was compounded by high moisture content, change in seasonal cropping patterns due to soil conditions and other factors,” a leading wholesale onion merchant in Navi Mumbai, Rajeev Maniar said.
As a result, the bulb price has shot up 50-60 percent in wholesale and retail markets in states despite belated measures by the union agriculture ministry to increase supply by importing about 10,000 tonnes from Pakistan, China, Egypt and other countries.
