Onion Prices Hit 50/kg in Kolkata
New Delhi: Retail onion prices rose to .₹ 50 per kg in Kolkata, while rates in other metro cities also inched up to .₹ 30-36/kg due to tight supplies. The Agriculture and Consumer Affairs ministries are closely watching the price situation and alerted all states to keep a check on hoarding and profiteering.
Onion prices at Lasalgaon in Maharasthra, Asia’s biggest wholesale onion market, have risen to .₹ 26.50 per kg on Thursday from .₹ 10.10 per kg on July 25 of this year.
As per data maintained by the Consumer Affairs Ministry, onion prices in Kolkata are ruling at .₹ 50/kg in retail markets and .₹ 40/kg in wholesale markets on Friday.
At present, the city’s demand is met through supplies largely from Kurnool mandis, Andhra Pradesh and there too rates have increased to over .₹ 32.50/kg. With rise in prices in Lasalgaon, traders from Kolkata and other states are buying more from Kurnool mandis because of which rates have gone up there, a Delhi trader said. Prices are under pres- sure due to depleting old stock and expected less 2017-18 kharif output owing to lower sowing area in states like Karnataka and Maharashtra on account of inadequate rains, he added.
Prices are under pressure due to depleting old stock and expected less 2017-18 kharif output owing to low sowing area