₹400 kg garlic, onion crosses ₹80, price at its peak in 5 years, know how much the price can fall?

Onion Price: The scorching heat is over, the tension of rains and floods is over, but there is no sign of onion prices coming down. Onion prices have once again seen an increase. Onion is being sold at Rs 80 to 100 per kg in most cities of the country. At the same time, the price of garlic has crossed Rs 400 per kg. The price of green vegetables including potatoes, onions and garlic has ruined the kitchen budget. Not only customers but also sellers are worried. The markets are beginning to look empty. Due to expensive onion, people are managing without it.

Expensive onion is making me cry

The price of onion has touched the figure of Rs 80 per kg. Both consumers and sellers are worried about onion prices. Where its price in the wholesale market was Rs 40-60 per kg, it has increased to Rs 70-80 per kg. At the same time, the price of garlic has reached Rs 300 per kg in the wholesale market and Rs 400 per kg in the retail market. Doubling of the price of green vegetables has started affecting people’s pockets.

Then why did onion become expensive?

Disruption in the supply chain is the main reason behind the increase in onion prices. According to onion and garlic traders in Azadpur Mandi, the old crop has ended and the new crop is not being supplied. Onion prices are continuously increasing due to lack of new crop and increase in exports. According to a report by Economic Times, prices have increased due to crop failure in Rajasthan, Maharashtra and Karnataka. The price of best quality onion has increased from Rs 51 to Rs 70 per kg in Pimpalgaon market of Nashik. At the same time, removal of import duty on onion by Bangladesh has also boosted exports.

Onion broke 5 year record!

Onion prices have broken the record of the last 5 years. The price of onion per kg in Nashik’s benchmark Lasalgaon market is Rs. The five-year high figure of 54 has been crossed. Due to reduced supply and increased demand, the wholesale price of onion has increased by 30 to 35 percent. Due to rising prices, onion has broken the record of the last 5 years. In December 2019, the price of onion reached Rs 5,656.