Onion prices have soared again. Due to supply crunch in the last one month, prices have doubled across agricultural markets. In Delhi's Azadpur agricultural market, good quality onion is selling at Rs 30-40 a kg and in retail, Rs 50-60 a kg.
On Wednesday, 57 trucks of onion (about 1,200 tonnes) arrived at the Azadpur agriculture market. On Tuesday, only 37 trucks had arrived.
According to traders at the mandi, anything less than 70 trucks will create onion demand-supply gap and increase the price. Onion prices doubled in August due to poor supply, said President of the Association of Onion Merchants Rajendra Sharma.
Following floods in major supplying states, like Maharashtra, Karnataka and Madhya Pradesh, the arrival of onion had shrunk, causing price rise, said a trader at Azadpur Mandi.
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