Onion prices rise by up to 76% on reduced supply from flood-hit states

Government vigilant, considering MEP to control exports

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.

Data compiled by Nashik-based National Horticultural Research & Development Foundation (NHRDF) showed the highest jump of 76 per cent in bulb prices in Mumbai. The crop is currently trading at Rs 22 a kg compared to Rs 12.50 one month ago.

In the benchmark Lasalgaon mandi, Asia’s largest onion selling wholesale market, onion prices shot up by 71 per cent to