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LATEST NEWS UPDATES | Rs 80 per kg and climbing: Onion prices may not come down anytime soon, here's why! -Sindhu Chandrasekaran

Rs 80 per kg and climbing: Onion prices may not come down anytime soon, here's why! -Sindhu Chandrasekaran

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published Published on Sep 26, 2019   modified Modified on Sep 26, 2019
-The New Indian Express

Maharashtra, MP, Karnataka and AP are major producers of onions in India. These states were severely hit by the monsoon this year, which destroyed their farm produce.

The prices of basic commodities like fuel and onions are skyrocketing just as the festive season is around the corner.

While fuel prices hit a yearly high on the back of the ongoing tensions in the Middle East and the US-China trade war, onion prices surged to Rs 70-80 per kg in the national capital amid tight supplies.

The soaring price of the key kitchen staple has made it such a valuable commodity at the moment that thieves have started stealing it from shops and godowns.

Have you been wondering why onions have become so special all of a sudden? Of all the vegetables, why should onion prices alone swell by nearly Rs 30-40 per kg pushing it to a four-year high? Well, here's the answer.

Maharashtra, Madhya Pradesh, Andhra Pradesh and Karnataka are major producers of onions in India. These states were severely hit by the monsoon this year, which destroyed their farm produce.

Please click here to read more.

The New Indian Express, 25 September, 2019, http://www.newindianexpress.com/business/2019/sep/25/rs-80-per-kg-and-climbing-onion-prices-may-not-come-down-anytime-soon-heres-why-2038923.html?fbclid=IwA


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