Onion prices continue to surge in Varanasi markets

Image
ANI General News
Last Updated : Dec 07 2019 | 7:05 PM IST

The onion prices continue to surge in the markets of Varanasi, causing concerns to the common man.

Monu Singh, a vegetable vendor, told ANI: "Onions are being sold at Rs 120 per kg. People who used to buy 1-2 kg of onions are buying 250-500g now. This is affecting our business."

"It has been told that the production was affected by unseasonal rains. As the price is high, many aren't coming to the market to get onions," he added.

Dhananjay, a customer, said: "Today it is Rs 120 for a kilogram. Daily wagerers are bearing the brunt of the price hike. It's been more than 10 days that the price has gone so high and it is above the mark of 100. As a common man, it is very difficult for us to manage our expenses if we are forced to spend a high amount on vegetables alone."

The Union government, on Tuesday, revised stock-holding limit of onion to 25 tonnes for wholesalers and five tonnes for retailers. Importers will be exempted from these stock limits for imported stock.

The price of onions has been on the rise in many states of the country, which has even sparked protests among the people.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 07 2019 | 6:53 PM IST

Next Story