Brace for onion tears this Diwali: Prices at six-week high in Lasalgaon Mandi

Onion arrivals, however, have been normal with farmers bringing in 1,400 tonnes of the bulb to Lasalgaon

Onion prices, which saw a sharp fall for two weeks after government raids on wholesale traders, have rebounded steadily to hit their highest in six weeks.
 
Trading currently at Rs 21.50 a kg in the benchmark Lasalgaon mandi in Nashik district of Maharashtra, the export quality onion reported an increase of Rs 2 a kg on Friday and a 58 per cent jump from its recent low of Rs 13.60 a kg on September 19. At the retail level, however, onion is sold at Rs 30-34 a kg across major markets.
 
The sharp increase in onion prices assumes