Onion prices dip to Rs 3 per kg

Onion prices dip to Rs 3 per kg

The price of onions, which had almost touched Rs 100 a kg recently, dropped to Rs three at Yeshwantpur Agricultural Produce Market Committee (APMC) Yard on Friday. 

Ravishanker P, wholesale onion merchant at Yeshwantpur, said due to arrival of new crop, price of the onions have come down in the last couple of days. He, however, added that only low quality onions were priced at Rs three and good quality onions were being sold at Rs 14 per kg at APMC market on Friday. 

APMC employees said on December 19, the price of onion was Rs six and last week, it was being sold at Rs 20 at the market. “On December 20, the price reduced drastically to Rs three. There are chances of price falling further in the coming days,” he added. 

Surprisingly, at Hopcoms outlets, customers were buying onions for Rs 30 per kg on Friday.
 “ The rate of onion was Rs 39 on December 10, Rs 32 on December 14 and Rs 30 since December 16. The rates at APMC has not affected our outlets yet, though we buy from there,” a Hopcoms official said.

 At few retail shops, the price of onions ranged between Rs 20 and Rs 35 per kg. Russell Market vendors were selling onions at Rs 20 to Rs 25 per kg.  

Wholesale traders noted that from December 19, onions are priced between Rs 500 and 1,500 per quintal. “A month ago,  farmers used to sell the bulbs between Rs 2,000 and Rs 4,000 per quintal.

 A major quantity of onions are supplied to us by the farmers from Tamil Nadu, Maharashtra, Andhra Pradesh, Delhi and some parts of Karnataka," said Shivu, a wholesale onion seller. 

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