It should be noted that the skyrocketing prices of onions are significantly impacting households and consumer habits, leading to volatility in the wholesale markets. In big cities like Delhi and Mumbai, the prices of onions per kg reached a five-year high in November.
According to a report by rating agency CRISIL, during the festival season (October) the kitchen felt the pinch of inflation as tomatoes, potatoes and onions saw price hikes.
According to the the report the cost of a vegetarian (veg) thali fell by 3 per cent to Rs 29.7, while a non-vegetarian (non-veg) thali dropped by 5 per cent to Rs 57.6 during the same period.
The surge in onion prices during the festive season sparks concerns, with a rapid increase from 20–30 rupees per kilogram to 70–80 rupees per kilogram in just one week. India TV conducts a poll to understand the public's perception of how these rising onion prices may affect the festive spirit.
Onion Price Hike: Onion prices are once again touching the sky during the festive season. The wholesale price of onion has increased to Rs 5,000 a quintal in Maharashtra's largest Nashik mandi... So people are worried due to the increased price of onion in mandis across the country.
Post Navratri, surprisingly the prices of onion leaped and reached closer to Rs 100 per kg mark. In Delhi, onion was sold at Rs 80 per kg on Saturday. The price hike is a big concern for the government as election season is underway and it may affect the mood of people.
The government has taken this step to provide relief to consumers from the high prices of onions, which have been hovering around Rs 40–50 per kg in recent weeks.
Maharashtra: The price of onions was reduced to Rs2-4 per kg which incurred huge losses to growers. Upset with the low price, farmers threatened to launch big protests.
"This is an insult to me and other onion-growers in the state. If we get such returns, how will we survive?" asked the farmer who got only Rs 2.49 after selling 512 kg of onions.
The sale receipt provided by a Solapur based commission agent showed farmer Bappu Kavade sent 1,123 kgs of onion to the market and earned Rs 1,665.50, with his expenses, including labour cost, weighing charges and transportation
Onion stocks are being released in the market on the first-in-first-out basis in a calibrated manner from the last week of August in a bid to moderate prices and ensure minimum storage loss, it said.
After potato and onion, the price of edible oil has now gone up in the national capital due to a sharp increase in the cost of oilseeds. There has been a 53 per cent hike in the crude palm oil (CPO) prices in the domestic futures market, in the past six months due to a decline in palm oil production in Malaysia.
Onion, a politically-sensitive commodity, remained costliest in the retail markets of Bengaluru at Rs 100 per kg on Monday despite Karnataka being the third-largest producer of the kitchen staple in the country, according to government data.
Wholesale onion prices fell by up to Rs 10 per kg in key consuming markets such as Delhi, Mumbai and Chennai with increase in arrival of the perishable commodity after the government imposed stock limits on traders to check hoarding and price rise, government data showed.
The Telangana government on Saturday decided to sell onions at Rs 35 per kilo at the government-run 'Rythu Bazaars' here in the wake of a sharp rise in the price of the edible bulb in the open market.
Several farmers in Maharashtra's Nashik are unhappy with the government's decision of imposing stock limit to check rise in onion prices.
The government has imposed a stock holding limit on onion traders to check prices, the Consumer Affairs Secretary Leena Nandan said on Friday.
Onion prices surged in Pune after crops were damaged due to rainfall in various parts of the country following which consumers are forced to buy onions in less quantity.
The government on Wednesday relaxed import norms till December 15 to facilitate the early shipment of onion to boost the domestic supply and check the retail prices of the key kitchen staple.
India has allowed the export of onions lying on ports in transit to all countries including Bangladesh, says sources.
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