Onion shortage: Prices may halve in two weeks on increased new arrivals

Prices in Lasalgaon mandi down to Rs 41/kg from Rs 71/kg last Saturday

Onion prices are likely to decline by 50 per cent in the next two weeks, as arrivals of seasonal and pre-seasonal varieties of “red onions” from Maharashtra, Gujarat, and Karnataka increase sharply.

Arrival of pre-matured onions has already brought down prices by 42 per cent since Sunday. In the benchmark Lasalgaon mandi (market), the largest spot wholesale onion market in Asia, prices have crashed. They were trading at Rs 41 a kg on Tuesday compared to Rs 71 a kg on Saturday.

Onion arrivals on Tuesday surged to 704 tonnes, compared to 421 tonnes on Sunday.

Arrival of stored onions,