Onion prices shoot up, sold at 70

Onion prices shoot up, sold at 70
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Highlights

With onion prices across the country on the upswing, the common man is feeling the pinch. Onion prices crossed the Rs 70 per kg mark at many places on Thursday with most people complaining that the government was not doing enough to contain the price rise.

New Delhi: With onion prices across the country on the upswing, the common man is feeling the pinch. Onion prices crossed the Rs 70 per kg mark at many places on Thursday with most people complaining that the government was not doing enough to contain the price rise.


The Nashik-based National Horticultural Research and Development Foundation (NHRDF), in its latest report, has said that the onion prices are likely to remain on the higher side till September-end. The foundation also pointed out that out of the storage stock of 40 lakh tonnes in July this year, 50 percent has been consumed and only about 16-18 lakh tonnes are left over.


In the national capital, onions were selling at Rs 65 per kg in retail, up from Rs 25 per kg just over a month ago. In Chandigarh, Shimla and adjoining areas, onions were selling at Rs 70 per kg and even more. With the festival season round the corner, onion prices in Mumbai could breach the Rs 100 per kg mark soon.

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