After tomato, now the rising prices of onion have increased the concern of the people. The wholesale prices of onion in Maharashtra's Lasalgaon Agricultural Produce Market Committee or APMC market have increased by about 60% in the last 15 days. Its price has increased by 18% in the last one week alone.
According to media reports, retail prices of onion have increased by 25-50% in the country's capital Delhi on Wednesday. Onion is being sold at ₹ 50 to 70 per kg in these markets.
Onion prices have reached Rs 50 per kg in the markets of Delhi as well as Maharashtra. Experts believe that this increase in onion prices may continue till December.
It is likely to decrease only after the arrival of new Kharif crops. According to reports, there may be a delay of two months in the arrival of Kharif crop.
In the last 15 days, a decline of up to 40% has been seen in the arrival of onion. On normal days, about 400 carts of onions arrive daily.
This figure has reduced from 150 to 250 in the last 15 days. Let us tell you that about 10 tonnes of onion is loaded in a vehicle, hence 1500 tonnes less onion is coming in the market.
In August, the central government had imposed 40% duty on onion export, so that the prices could be kept under control even if there is a delay in the arrival of onions. Apart from this, to curb rising prices, onions purchased from NAFED were started being sold at a price lower than the current market rate.
Before August, no tax was levied on onion export. This order of the government will remain effective till December 31.
In August, the government had said that it has a stock of 3 lakh tonnes of onion under the Price Stabilization Fund (PSF) to deal with the emergency.