Onion prices up by 50%; high demand, low supply to blame
NAVI MUMBAI: Onion prices have shot up in both wholesale and retail markets, bringing tears to the eyes of the common man already burdened with inflation. This has led to much less production, in fact only about 30% of the usual production.” He added, “The produce, while less in quantity, is not of very good quality either.” Informed Karpe, “There is some old stock still with the small farmers, who are sending their produce. Next month, the government will have to import onions to meet the demand.” Said Manohar Totlani, another trader, “The stock that is coming is of last year actually as Maharashtra’s onion is of good quality and lasts long. It is about 20% of overall production since last year and will last around 2 months only.” He added, “The new crop will come after around two months, but will be limited in quantity. They are also buying much less quantity.” Said Smita Patil, a local resident, “Every time you come to the market, something or the other becomes costlier.
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