Tuesday 17 December 2019

Onion prices hit new high amid disrupted arrivals

Onion prices have hit a new high in Delhi and elsewhere on Tuesday amid disrupted arrivals. Wholesale onion prices were quoted at Rs 37.50-112.50 per kg, an all-time high at Azadpur mandi in the national capital.

"If arrival of onions from Afghanistan does not increase today, the price would cross Rs 200 per kg in Delhi as domestic supply of the crop has dropped significantly," an Agricultural Produce Marketing Committee (APMC) official said.

He said the rise in wholesale prices of onion will reflect in the retail market in the coming days.

In retail markets, onion was priced in Delhi and NCR at Rs 100-150 per kg on Monday. The traders anticipate a further hike in retail prices in the coming days.

The arrival of onion has decreased significantly as farmers have stopped harvesting new crop after rainfall in the several parts of the country recently which increased the moisture in soil, said trade sources.

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