Retail onion prices hit Rs 60 per kg in Mumbai on reduced supply

Onion prices have jumped in the Mumbai retail market to trade at Rs 60 a kg on reduced supply from wholesale mandis. In other metro centres also, the retail onion price is hovering between Rs 58-65 a kg.

Onion has become costlier by over 33 per cent in the last one week and over 70 per cent in September so far. Farmers and stockists have reduced supply from cold storage amid expectations of further increase in prices. In Mumbai wholesale mandi, onion supply has declined to 140 tonnes now from the level of 2500 tonnes in the peak arrival season.