According to the ministry data, there is a significant jump in retail prices of onion in the south and western regions.
New Delhi| As the festive season comes closer, the common man of the country is bracing for a price hike which is set to dampen the celebrations. The onion prices have crossed Rs 100 in retail. Prices of potato have gone up to Rs 50 per kg. Garlic has been increased to Rs 170 per kg. Green vegetables have increased from Rs 60 to Rs 200 per kg in the retail market. The green pea is currently selling in the retail market of Mumbai at Rs 200 a kg. If the trend continues further the upcoming Diwali festival can spoil your kitchen budget.
According to the information received from different markets of the country, this year the price hike has shadowed spending. Food products are expensive while other products are showing steady rise in price. Onion prices have skyrocketed in a single day. The price of onion, which was first Rs 60 per kg, has gone up from Rs 80 to Rs 100 per kg on Tuesday.
In Mumbai, onion is being sold at the rate of Rs 100 per kg in retail, while in Delhi the price of one kg onion has increased from Rs 70 to 80. Kolkata has almost the same rate. Retail prices of onions in Chennai ranged from Rs 70 to Rs 90 per kg. Onion sold the most expensive in Chennai and Mumbai as compared to other metro cities on Tuesday.
According to reports, for the first time this season, onions prices have increased during Navratri. Onions sold in Delhi at Rs 50 to 60 per kg, compared to Rs 46 last year. In Kolkata it was 60 to 70 rupees per kg, which was at 55 rupees last year. In Mumbai yesterday, onion sold at Rs 100 per kg, which was around Rs 60 per kg last year. Experts say that onions and potato prices will remain high till Diwali. According to the ministry data, there is a significant jump in retail prices of onions in the south and western regions.
What is the main reason behind price hike?
According to experts, onion prices have risen sharply this year due to lockdown and unseasonal rains. The onion prices saw a sharp ascend as the crop is spoiled in many parts due to rains. Hence, there is less supply in the market and prices are rising.
In fact, from Karnataka, Andhra, Madhya Pradesh and Maharashtra, kharif onion produce currently comes in the market. But, due to heavy rains in all these states, 50% of the crop got spoiled. The rains have also affected the quality of old onion stocks in Maharashtra’s Nashik.
Coronavirus gloom hit the budget
In the period of lockdown, people’s income has decreased, employment has decreased. Above all, the increased prices of vegetables have upset the common man. Due to lockdown and rain, prices of vegetables across the country have started skyrocketing.