Rising onion prices bring tears to eyes

Rising onion prices are once again bringing tears to the eyes of the people. In the last one week, the price of this vegetable has increased by 40-50 per cent.

In Delhi's Azadpur Mandi, the wholesale price of onion on Thursday was between Rs 30-46. While in Maharashtra's Nashik, onion was being sold at Rs 50-55.

According to traders, the onion prices have gone up due to the fall in its stock which in turn has affected the supply to wholesale markets.

Last week, in a bid to control the rising prices of onion, the government reduced the minimum export price of the vegetable to $850 per tonne.

MCX Commodity Live Tips