Onion prices double in 1 week, to jump up to Rs100/kg soon

After the recent hike in the price of eggs, the cost of onions is soon expected to shoot the roof. On Thursday, onions were sold at Rs 45-50 per kg against Rs 20-30 per kg last week in wholesale markets across the state.

According to Agriculture Produce Market Committee (APMC) traders, in Vashi, the shortage of onions has escalated its price.

“In last few days, there was an unseasonal rainfall that damaged the onion crops badly. We received only 80 truckloads of onion on Thursday against the average supply of 125-150,” said Ashok Walunje, trader and ex director of Vashi APMC.

At Lasalgaon, in Nashik, which is Asia’s biggest onion market, onions are being sold at Rs 40-45 per kg in wholesale.

“This year, the rainfall was delayed so the planting of onions was also delayed. For the next few days, the prices of onions will go up. In the retail market, it will soon cross the century mark,” Walunje added.