Onion price in Delhi soars to Rs 40 per kg

PRESS TRUST OF INDIA

New Delhi, July 18: Onion prices have increased to Rs 40 per kg in the retail market of the national capital due to two-and-half year high rates in the Maharashtra's wholesale market on account of tight supply.
In the Mother Dairy's Safal outlets, which has more than 400 stores in the NCR, onions are being sold at Rs 36-37 per kg while local vendors are charging Rs 40 per kg. Onion was available at Rs 20 per kg a month ago.
Azadpur Mandi's Onion Merchant Traders Association President Surendra Budhiraj said that wholesale rate in Delhi has increased to Rs 22-27 per kg since last one week as supply from Madhya Pradesh has come down substantially due to rains.
Meanwhile, rates at Lasalgoan -- the Asia's biggest wholesale market for onion -- today rose marginally to Rs 24.50 per kg from Rs 24.11 per kg yesterday even though arrivals were higher.
The rates are almost five times higher than that at the same time last year, stoking fears of retail prices rocketing across the country.
"Onion prices are at present around Rs 2,200-2,300 per quintal in the Lasalgaon mandi, but the prices are expected to rise in coming days as stocks of onion have come down to 3-4 lakh tonnes from the level of 10 lakh tonnes same time last year," National Horticultural Research and Development Foundation (NHRDF) Managing Committee member CB Holkar said.
The new crop is expected from Tamil Nadu and Andhra Pradesh in September but prices would ease after new crop from Karnataka arrives in the market in October, he added.
Wholesale onion price, a politically sensitive commodity, in Lasalgaon had reached this level and even higher up to Rs 38 a kg during December 2010-January 2011. Retail prices had then skyrocketed to about Rs 100 per kg across the country, forcing government to curb exports.

Lastupdate on : Thu, 18 Jul 2013 21:30:00 Makkah time
Lastupdate on : Thu, 18 Jul 2013 18:30:00 GMT
Lastupdate on : Fri, 19 Jul 2013 00:00:00 IST




  • del.icio.us
  • StumbleUpon
  • Digg
  • TwitThis
  • Mixx
  • Technorati
  • Facebook
  • NewsVine
  • Reddit
  • Google
  • LinkedIn
  • YahooMyWeb
  • Print News

Enter the Security code exactly as you see it in the image security code is CaSe SeNsItIvE(Cookies must be enabled)
  • MORE FROM BUSINESS

  • Kashmir

‘Will fight to prove innocence of my son’

MUDASIR YAQOOB

Srinagar, July 18: Sheikh Ghulam Nabi, father of Sheikh Farhat, who was awarded life imprisonment by Kolkatta Court earlier this week, on Thursday said he would approach the higher court to seek justice More



  • Srinagar City

City traders condemn Gool killings

SYED IMRAN ALI HAMDANI

Srinagar, July 18: While there was a spontaneous shutdown in the Srinagar markets Thursday against the killing of people in Gool, Ramban area of Jammu province, the traders’ fraternity in this summer Capital More




  • Jammu

JK proposes 16 prestigious road projects under CRF

ARVIND SHARMA

Jammu, July 18: Jammu and Kashmir government has proposed 16 vital road projects before the Union government under the centrally sponsored scheme, Central Road Fund (CRF) for 2013-14.  Official sources More



  • PaK

Kasana subjected to custodial killing: Salah-ud-din

Muzaffarabad, July 18: The Chairman of United Jihad Council Syed Salah-ud-din on Thursday alleged that Hizb militant Shakeel Kasana was subjected to custodial killing. “Those involved in this heinous More



  • South Asia

Another Jamaat leader in Bangla charged with 1971 war crimes

PRESS TRUST OF INDIA

Dhaka, July 18: Bangladeshi prosecutors today slapped six war crime charges, including genocide, against a senior leader Jamaat-e-Islami, a day after the party's second-highest ranked official was sentenced More



  • World

India-Pakistan ties crucial for Afghan peace: Cameron

PRESS TRUST OF INDIA

London, July 18: British Prime Minister David Cameron has said India and Pakistan can play a "crucial role" to bring peace to Afghanistan through their resumed bilateral dialogue process. “India and More



ADD
Designed Developed and Maintaned By Imobisoft Ltd /Algosol Software Solutions