Onion prices jumped by up to 76 per cent in the last one month due to reduction in arrivals in the agricultural mandis across the country, following floods in major supplying states such as Maharashtra, Karnataka and Madhya Pradesh. Government figures show that yearly onion production in India is 2.5 crore metric tonne. They say if onion prices continue to rise for two-three months, restaurants would be forced to revise their rate list and brace for lower footfalls. India Today spoke to onion retailers and merchants called commission agents about the rise in onion prices and the reasons for the same. According to data available with the Department of Consumer Affairs, the modal retail prices of potato, onion and tomato were Rs 50 per kg, Rs 60 per kg and Rs 50 per kg, respectively, at national level on Friday. Muszamil Sheikh has been into tiffin service business for three years. Poor supply has pushed wholesale onion prices to a four-year high. Onion Price Rise :Find latest news, top stories on Onion Price Rise and get latest news updates. “By the end of October, the market for onion will go up to Rs 100 per kg. The reason for this rise in onion prices is that the crop in southern states such as Karnataka and Andhra Pradesh got damaged due to heavy rains. Now that is almost over, we expected to earn a little more, this onion and vegetable price rise is over us. The crunch in onion supply has sent prices soaring with many places seeing an increase of nearly Rs 30-40 per kg. Now that there is a shortage of onions in the market, I am getting good price,” he explained, Dattatre vishwanath Balkawade is another onion farmer in the Pune’s wholesale market who is very happy with the rising onion prices. Two of the big wholesale markets in the city, Posta and Koley Market, on Wednesday (October 28) received one-twentieth of its usual daily supply of onion from Nashik. “After lockdown affecting employment, the skyrocketing onion prices now is yet another problem,” he said adding, “It is getting difficult to handle the guests. From next week [beginning Monday], the north Indian markets will have greater demands for onion after Navaratri festival. Onion which is harvested by the end of March fulfills the demand till end of October and early November. This year, the erratic monsoon disrupted the cycle. Alok Kumar, working as manager with a restaurant, said, “Advance purchase of semi-perishable vegetables has saved us from this rise of onion prices. India's requirement is 1.5 crore metric tonne. Consumers even in the growing regions are paying elevated rates for the key kitchen item. The sharp rise in onion prices is an unwelcome development for Prime Minister Narendra Modi, coming at a time when his government is struggling to address a steep economic downturn. We haven’t revised the rate of our tiffin service. Restaurant owners are worried over the skyrocketing prices of onion. Onion is a seasonal crop harvested two to three times in a year in India. Narrating the market condition and its adverse effect on his business, Muszamil said increased onion prices have brought double-whammy to his business. Onion price rise: Who is responsible for it? Onion Price Rise News. The onion retail price touched Rs 100 a kg on Wednesday (October 28) across city markets with demand-supply gap widening fast. Here, we saw that there was a broad smile on the faces of those farmers who have proper storage system for the onion they had harvested in the months of March and April. The meeting comes at a time when retail prices of essential food items such as tomato, onion and potato are hovering around Rs 50 per kg across the country. On Friday, onion prices at Lasalgaon touched a minimum of Rs 1,000 a quintal and a maximum of Rs 2,411 per quintal with modal price at Rs 2,000 per quintal. This supply chain has been broken. This has pushed the onion prices in the wholesale market of Pune from Rs 65 to Rs 75 a kilo. ", “For growing one kilo onion, I spent around Rs 20 during cultivation. Having already released over 40,000 tonnes of its own buffer stock into the markets to moderate prices, the government has taken measures to facilitate increased imports from other countries. Bigg Boss 13's Rashami Desai's Bikini Photoshoot PICS Will Set Your Screens On Fire! On the other hand, onion merchants say it is unlikely that fresh onion stock will arrive in next three months. 2-min read. Nifty 11,464.45 15.2. Adullahi Ahmed, an onion seller in the popular Karu market, said that the prices of onions in the market was unexplainable and difficult to access, therefore necessitating hike in prices. The grocers and customers said prices ranged from Rs65-80 per kg in most parts of Pune, depending on the quality of the onions PUNE: The retail price of onion in most parts of the city crossed Rs 70 per kg on Monday from Rs 50 a kg last week, a cascading effect â¦ The retail price of onion has shown a marked increase from August-end 2020, though the price level was below that of last year till October 18, it said. "The price surge is unexpected at this time but several factors have contributed towards it. Onion prices continue to rise across metros in India with rates touching Rs 80 per kg in some places. There has been loss of around 50 per cent of onion crops this year due to rains. So, onion will go from Madhya Pradesh to northern states creating further shortage in Maharashtra.”. Food Minister Ram Vilas Paswan on Friday asked the commerce ministry to fix export floor price of onion at USD 450 a tonne and remove export sops to curb shipments and boost local supply, even as he blamed hoarders for spike in onion prices. Onion prices shot up to Rs 60-70/kg on Tuesday, from Rs 50-60 the day before at APMC wholesale market, pushing the retail price to Rs 70-90.Traders sa ... navi mumbai News. Hindustan Zinc 237.70 16.45. He is facing the heat. In Kolkata markets, onion was being â¦ Congress leaders say 'Hosh Mein Aao' as they stage protest against onion price rise, Chidambaram reaches parliament, stages protest against onion price rise, Jammu restaurant serves salad without onions amid crisis, Amid onion price rise, people express helplessness creatively. India.com News Desk | December 10, 2019 9:08 PM IST. In between comes the fresh onion crop harvested in the month of August in southern states. IN PICS | Inside Aditya Narayan - Shweta Agarwal's Wedding: Check Images From Ceremony, Upcoming Phones In 2021: From iPhone 13, OnePlus 9 Pro to Redmi Note 10, Here Are Devices To Expect Next Year. Heavy rains have damaged the onion crops in the fields. “Rate per tiffin is Rs 30. It is because the crops have been damaged due to rainfall and flood. New Delhi: The price of onions has soared enough for it to become a commodity which has caught the fancy of thieves. This helped it in proper drying of outer layer and since then I stored it in the dried storage. 51.95 per kgâ12% higher than the previous year's price of Rs. Whatever onion that is coming to the market is from the produce harvested in March and April. Find all news including political news, current affairs and news headlines online on Onion Prices Rise today. Read all the latest news and updates on Onion Prices Rise only on News18.com. Crude palm oil (CPO) prices in the domestic futures market have risen by 53 per cent in the past six months due to a decline in palm oil production in Malaysia. There is no arrival of fresh onion crops from farms even as October is nearing its end. This stock will last for next one month. The average all-India daily price of onion was ruling as high as Rs 70/kg on Monday. As a result, the retail market price for onion in Pune has gone up from Rs 100 to Rs 130 a kilo. Abdullahi Ahmed, an onion seller in the popular Karu market, said that the prices of onions in the market were unexplainable and difficult to access, therefore necessitating hike in prices. ABP News uses cookie on this website to ensure a better User Experience, beautiful functionalities and to measure visitor behavior in order to improve the content. onion price rise News and Updates from The Economictimes.com. Due to heavy incessant rains, almost 50 per cent of the kharif crop in southern states including Andhra Pradesh, Telangana and Karnataka, and also in Maharashtra got damaged. India Today Team travelled to Pune’s wholesale market in Gultekdi area. Why have onion prices been rising? If we do not include onion in the meals, taste wouldn’t be the same and customers would complain,” Muszamil Sheikh said. Aug 11, 2017, 20:29 PM IST Onion prices continue to bring tears to common people as it touched Rs 150/kg in many cities across India. photos and videos on Onion Price Rise - ABP Live After potato and onion, edible oil prices rise. Rise in onion prices in recent weeks has brought more worries not only to an average household but also brought double trouble for restaurants, which are facing crisis due to ongoing Covid-19 pandemic. 25,000 tonnes of onions rot in Nafed godown | Ghanti Bajao (26.10.2020), Retail inflation touches 5.54% in November; was 3.99% in Sept, Onion price rise: Indians suffer as govt fails to find solution, Lucknow restaurants use radish with onions amid crisis, Unseasonal rains damaged onion crops: Narendra Singh Tomar, 'Let's See To What Extent Issues Can Be Resolved': Agri Minister Ahead Of Round 2 Talks With Farmers On Thursday, India vs Australia, 3rd ODI Highlights: India Avoid Humiliating Whitewash With 13-Run Win Over Australia At Manuka Oval, Showik Chakraborty Gets Bail: Rhea Chakraborty’s Brother Gets Relief In NCB's Drugs Case After 3 Months, 'All Issues Sorted': TMC Leaders After Top Brass Meets Suvendu Adhikari; Ex-Minister Silent, ‘Nobody Can Take Bollywood Out Of Mumbai,’ Maharashtra Leaders Attack Yogi Adityanath Over UP Film City Bid, Pfizer Covid-19 Vaccine Update: UK Approves Vaccine For Use Next Week, 'Rakesh' The Dog Who Featured In PM Modi's 'Mann Ki Baat' Address Dies At The Age Of Five, Buried With Full Honours By PAC. The skyrocketing onion prices in the retail market are likely to ease as imported bulbs have put a break, at least temporarily, on the rise in wholesale prices in Kolkata, officials said on Wednesday. I have stored onion in proper condition and that is the reason why I am getting a good price.". (Representative image | PTI photo), Soaring vegetable rates dampen festive mood in Mumbai, onion crosses century-mark. Onion prices have been rising since the first two weeks of September which initially prompted the Centre to impose an export ban on the hugely popular vegetable. By continuing to use this website, you agree to the use of these cookies. This crop was meant to arrive after September and was expected to feed the markets until the arrival of the kharif crop from Maharashtra towards the end of October. New Delhi, November 1: There has been a steep rise in average retail prices of potatoes, onions and other essential commodities over the past one year. Benchmarks . Onion price rise: Congress to stage protest in parliament today, Bihar chefs go for onion-less dishes amid price rise, Raipur suffers as Onion crosses Rs 100 per kg mark, Jaipur restaurant charges extra for onion salad, Onion crisis: Amid price rise, Nirmala Sitharaman speaks up, Onion Crisis: From shopkeepers to customers, Ranchi feels the heat, Delhi restaurants see dip in profit as onion prices soar, Onion price rise leaves India crying | 100 Seconds, Onion price soars, crosses Rs 100 per kg mark, Modi govt reduces onion stock holding limit for retailers, wholesalers. India consumes 3,000 truckloads of onion every day on an average. Such farmers looked content with the high demand and rising prices of onion. The current rise in onion prices is a result of last yearâs drought and a delayed monsoon this year. Anant Bhadage, an onion farmer from Mulshi Taluka of Pune said, “I am very happy for past few days that my onion crop has fetched very good price. This has affected the routine sale-purchase equation not only in Pune’s wholesale market but the onion hub of Lasalgaon in Nasik. But keeping in mind the current onion prices, we will be making best use of this stock and see to it that the onion last for next two months, by that time fresh stock will definitely hit the markets and onion prices will be under control.”, As a restaurant manager, Alok Kumar was worried that his sector has already suffered a lot and seen loss of employment to scores of people during Covid-19 lockdown. 11.56 per kg, taking the all-India retail price to Rs. 46.33 per kg. Since the first week of October, onion prices have been on an ascent, with retail shops and grocery stores increasing the prices. I had managed the harvested onion in systematic way.”, He said, “The harvested onions were given proper amount of sunlight for 15 days in the month of April. “It will take another three to four months for fresh produce to hit the markets. We did not do this even during lockdown. You can manage them any time from your browser settings. It is selling at Rs 70 per kg in the wholesale market. Restaurant owners are worried over the skyrocketing prices of onion. He said, “The markets opened today [last week] at Rs 65 to Rs 75 rupees per kg for onions. NSE Gainer-Large Cap . photos and videos on Onion Price Rise | Page 1 He said, “I also got Rs 70 for one kg of onion. Onion prices had been on the rise in India since August, when 25 rupees ($0.35; £0.29) would have got you a kilo. The floods, which struck in July 2020, led the Indian government to issue a prohibition on the export of all types of onion, except for the "Bangalore Rose" and "Krishnapuram", on Sept 14. Rise in onion prices in recent weeks has brought more worries not only to an average household but also brought double trouble for restaurants, which are facing crisis due to ongoing Covid-19 pandemic. This is not the first time that â¦ In the past 10 days, onion prices have risen by Rs. For reprint rights: Syndications Today, India consumes 3,000 truckloads of onion every day on an average. Onion Price Hike: Fall in kharif crop production, heavy rains, floods, supply shortage and distribution problems are some of the reasons for onions getting costlier. By mid-October, early kharif onion harvest also starts arriving in the markets and by mid-November, bumper onion crop harvest comes late Kharif season. This is the root cause for the rise in prices of onion. Now we have substituted onion with carrot or radish as a crunchy salad.”. Even in Rythu bazaars, which sell vegetables at wholesale prices, customers had to buy them at Rs 80 to Rs 90 per kg. It includes seasonal vegetables, dal, chapaati and rice. Nafed has also offloaded a large portion of its buffer stock of onion, which too helped in containing the price rise, they said. They say even importing onions won’t fulfill the domestic demand. At present, the only 1,500 truckloads of onion are arriving in the markets. Rakesh Bhalerao, a commission agent with an experience of 25 years in the business, explained that prices are likely to rise in post-Navaratri festival in Maharashtra. Covid-19 lockdown reduced the number of tiffins he used to supply and now the onion prices have made his business suffer. The inflow of onion in Pune’s wholesale market has reduced from 500 vehicles to 150 vehicles,” he explained. No Relief as Price of Onion Continues to Remain High Across Major Cities. Now I have brought out the onions in the market when the prices are booming. At the start of October, that price was 80 rupees ($1.13; £0.91). Onion prices may rise further in West Bengal. Paswan seeks onion MEP at $450/tonne to check price rise. At present, the only 1,500 truckloads of onion are arriving in the markets. Onion prices have sky-rocketed to over Rs 100 per kilogram in Maharashtraâs Mumbai and Pune due to severe unseasonal rainfall in Nashik district which is the primary onion providers for these two major cities in the state. Hyderabad: Continuing its steady rise on the price charts in the last few weeks, the onion is now costing around Rs 100 a kg.. It seems unlikely to sustain the business. 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Onion prices rise â¦ They have been rising since the last week of August, as reports started coming in of massive losses to kharif onions caused by heavy rainfall in north Karnataka. Onion Price Rise :Find latest news, top stories on Onion Price Rise and get latest news updates.
2020 onion price rise news