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Peeling away the layers: Onion price at 2-year high

Onion consumption has declined with retail prices of Rs 60 a kg in Mumbai and Rs 50-55 a kg in Delhi

onion

A steady decline in last year’s inventory has propelled onion prices to a two-year high in wholesale mandis in major producing regions in Maharashtra.  The price increase has spilled over from Maharashtra to other states and has led to reduced consumption. Data compiled by the Nashik-based National Horticulture Research and Development Foundation (NHRDF) showed the price of onion at Rs 28.64 a kg in Asia’s largest onion mandi in Lasalgaon on Monday, a decline from Rs 29.54 a kg on November 2. Prices here have increased by Rs 8.44 a kg, or 42 per cent, over ...