Steady supply leads to crash in onion prices

NEW DELHI: Prices of onions usually spiral during November, a lean month when availability dips, knocking household budgets. This year, however, steady supplies have caused prices to crash, hurting farmers, market data show.

Wholesale rates in November have dropped to their lowest level in a year at Lasalgaon agricultural produce market committee, Asia’s largest trading hub for the commodity.

The vegetable is a base ingredient of most Indian dishes and there are alternate cycles of gluts and scarcity every other year.