The vegetable is currently trading at a three-year high of Rs 40 a kg at the largest Onion mandi in Lasalgaon, Maharashtra
Onion has become costlier by over 33 per cent in the last one week and over 70 per cent in September so far
Onion prices are on the rise despite several measures taken by the central government to boost supply
At Lasalgaon mandi, Asia's largest onion selling market, the onion price jumped Rs 1.50 a kg to Rs 32 a kg, the highest since January last year
Domestic traders asked to be prepared for more imports in case prices don't fall
As per all India average retail price, onion prices have increased from Rs 15/kg to Rs 28.94/kg
Concerned over rising onion prices, the Centre today asked state governments to impose stock limits on traders to check hoarding and curb further increase in rates of the kitchen staple.The government is also considering restricting exports by imposing minimum export price (MEP) to boost local supply and keep prices stable, sources said.Retail onion prices in the national capital have risen to Rs 38/kg as of today from Rs 22/kg in the year-ago period.Onion is sold at Rs 34/kg in Mumbai, Rs 40/kg in Kolkata and Rs 29/kg in Chennai, as per official data."To control the prices of onion, state governments have been advised to impose stock limits for onion on traders/ wholesalers," Food and Consumer Affairs Minister Ram Vilas Paswan tweeted.A letter in this regard has been sent to state governments, who are empowered to take action against onion traders under the Essential Commodities Act.Onion prices have shot up in the last few weeks due to depleting old stocks and concerns about this ...
Onion prices in Maharashtra have risen to Rs 26.50 per kg today from Rs 10.10 per kg