After Tomatoes, now Onions are seeing a Spike in Rates
Due to supply difficulties, onion prices are rising sharply after tomatoes. Onion prices in the city's Kalamna wholesale market on Saturday skyrocketed to Rs 50–60 per kg, although they should have been between Rs 20–25 per kg during the present season. Onions are sold by a number of city-based retail vegetable sellers for between Rs 70 and Rs 80 a kg.
Wholesalers claim that the increase in pricing is due to a shortage of agricultural products. A lack of rain in several areas where onions are grown has caused over 50% of the crop to be ruined. There is a significant discrepancy between supply and demand since we are not getting onions in the quantities we need.
Only 22 trucks loaded with onions arrived at the Kalamna wholesale market on Saturday, out of the 40 trucks that were needed. Approximately 300–400 bags of 50 kg apiece, or 18–20 tonnes of onions, are loaded onto one truck. The growing export of the item is another factor contributing to its scarcity. Onions have seen a sharp increase in exports over the past few weeks due to their tremendous demand in global marketplaces.
Onions were subject to a 40% export tariff imposed by the government in August. The action was taken to limit onion exports. However, it was ineffective in reducing exports in the way that was intended. Reports state that new crops, which should arrive by the end of December, are the sole reason the supply might streamline.
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