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Onion prices may have peaked at Rs 100 a kg; expect a correction from here

With 3,000 tonnes of imported onion entering the market over the next fortnight, the price should start cooling off. Soon after, the new crop of onions will arrive, further reducing prices

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FILE PHOTO: The prices in major wholesale markets in Maharashtra were at their highest on Monday

Rajesh BhayaniT E Narasimhan Mumbai
With onion being sold in some metros like Hyderabad, Chennai and some places in New Delhi at Rs 100 a kg, the price of the kitchen staple may have peaked. According to market players, with around 3,000 tonnes of imported onion entering the market over the next fortnight, amid marginally liberalised import norms, the price of the commodity should start cooling off. Soon after, the new crop of onions will arrive, further reducing the prices.

Data from the country’s various retail market, compiled by the National Horticulture Board, show that the onion price was quoted at as much as Rs