Onion prices slip 40% in a week on increased supply across the country

Onion prices slumped for the fifth day in a row on Tuesday, a decline of 40 per cent in a week, on consistent increase in arrival of new-season crop in wholesale markets (mandis) across the country.
 
Data from the Nashik-based National Horticultural Research and Development Foundation showed onion was trading at at Rs 24 a kg on Tuesday in the benchmark Lasalgaon mandi in Nashik district of Maharashtra. That’s a fall of four per cent since Monday and 40 per cent from Rs 40 a kg on January 20, a level not seen since November 6, 2019. It continues