Kumari Palany & Co

Onions prices soaring high

Posted on: 20/Aug/2015 11:24:19 AM
After three years, the onions were sold for Rs 60 per kilo. Last month the onions were sold for Rs 25 per kilo. The reason for this sudden rise is due to less arrival of onion produce from and western parts of Maharashtra. On Wednesday, the wholesale price of onion at the Lasalgaon market in Nashik, the country’s largest wholesale onion market was Rs 48 per kilogram, a 30 percent rise from July. Traders and market analysts attribute the reason to the sudden rise of excess heat, the late arrival of the monsoon, and late sowing, which led to the delay of the crop.