Onion set to bring tears to consumer as retail price nears Rs 100 a kg

Vegetables surges by 10% to trade at Rs 55.5 a kg in Lasalgaon mandi. It is being sold for Rs 70-80 in retail across the country

Barely two days after the government showed conviction over price decline due to steady increase in supply, onion prices jumped by 10 per cent to trade at over four-year high of Rs 55.50 a kg in the benchmark Lasalgaon mandi on Monday. 

Onion is currently trading between Rs 70 and Rs 80 in retail markets across the country and is approaching the Rs 100-mark fast.

The rates have shown a four-fold increase in the last three months in wholesale markets from Rs 13 a kg in early August to Rs 55 now and retail price from Rs 20 to Rs 80.

Traders attribute