With fresh supplies on the way, the great onion crisis might come to an end

India’s rampant onion prices may finally be running out of steam, with fresh supplies of the pungent vegetable set to hit the market next month.

Prices at one of India’s biggest wholesale markets may plunge to about 20-25 rupees per kilogram from mid-January, according to Jaydatta Sitaram Holkar, a director at Agricultural Produce Market Committee, a state-run wholesale market for farm commodities at Lasalgaon in Maharashtra. That’s more than 80% below Tuesday’s record price.

A new onion crop should help ease what has been a catastrophic year for the vegetable in the world’s second-most populous nation. Soaring prices have been