Onion Prices Touch A New High In Mumbai & Pune Amidst The Festive Season
Onion is now more expensive than some exotic vegetables in Mumbai and Pune. Onion which were priced at just Rs 20 kg has now reached a height of Rs 100 kg. Apparently, it is likely to rise upto Rs 125 kg in the coming days. The reason for the price hike being a shortage of supply. Heavy rainfall has destroyed much of the crop this year.
As reported by a trader to India tv news, “The price has increased as supply from farms is affected due to rain. The price of onion that was around Rs 70/kg last week increased to Rs 120/kg today.”
To curb the rising prices of Onion Government has relaxed import norms for onion till December 15. It also stated that it will offload more onion from buffer stock in coming days to check prices.
The Union Consumer Affairs Ministry, in a statement, said it will also offload more onion from its buffer stock in the open market to contain price rise. An estimated Kharif crop of 37 lakh tonne is likely to start arriving in the Mandis that will give reprieve to the rising prices, it added.
the Horticulture Produce Exporters’ Association (HPEA) said, “70 containers with 2,000-tonne onions have arrived at Mumbai’s Jawaharlal Nehru Port Trust (JNPT) on October 21 Another 100 containers with 2,900-tonne onions is expected within two-three days at JNPT pushing landing cost to Rs 40-45/kg and retail cost to Rs 50-55/kg.”
Retail rate on October 21 was Rs 80-100/kg in Mumbai and Rs 100-120/kg in Pune.