Price of onion likely to reduce in coming weeks!
Posted on: 02/Sep/2015 5:26:03 PM
After a couple of weeks spending high amounts for buying onions, consumers might get some relief in the coming weeks. Traders said that the skyrocketing rates are likely to dip due to increase in supply from Andhra Pradesh and Karnataka.
Being one of the staple vegetables in every kitchen, the rate for onions shot up from Rs. 20-Rs. 30 to Rs. 70 per kg, making spending on vegetables expensive. The reason for this hike is continuous export of the vegetable. Steps should have been taken to either stop the export or bring down the rates.
A few shopkeepers said that some consumers continued to buy onions as usual, while some bought lesser than usual. Cooking a meal at home without onions is difficult. Some persons cut down the quantity.
A kilo of onions were priced from Rs. 40 to Rs. 70 depending on the size and variety. New load of onions from Andhra Pradesh and Karnataka are priced at Rs. 40. They are medium in size and rose in color. The old load of onions from Maharashtra cost Rs. 50 to Rs. 70 depending on the size.
Usually, supply of onions from Andhra Pradesh, Karnataka and Tamil Nadu start this month. But TN was facing crop failure due to lack of rains. The supply from AP and Karnataka will increase in the coming weeks. So, there are chances that the prices will dip. It could drop by Rs. 10-Rs. 20 next week.
A vegetable vendor pointed out to the better supply of onions now. When compared to last few weeks, people have started to buy onions as they used to. Sale of onions was less when it cost Rs. 70 per kilo.
