New crop brings down onion prices in capital
24 Sept 2013 6:01 AM IST
With the arrival of new crop in the wholesale market, Onion prices on Monday fell by Rs 10 per kg to Rs 60-70 per kg in retail markets in the national capital. In the coming weeks prices are expected to further cool down as new crop from Karnataka has started coming into the market. According to NHRDF data, arrival of onion at Bangalore wholesale market has increased by 50 per cent to 76,266 quintals on Monday from the last week's level.
Prices of the kitchen staple have also declined as onions from Afghanistan via Wagha border have started coming into the market, traders added. "Supplies have improved as the new crops from Bangalore mandi is coming in to the Azadpur mandi, which has brought the prices down by Rs 10 per kg to Rs 45-50 per kg,’ Onion Merchant Traders Association president, Surendra Budhiraj, said. He added that supplies have increased by approximately 30 per cent from the last week, with around 12,000 quintals of onion arriving in the market on Monday against last week's average arrival of 9,000 quintals. Meanwhile, Mother Dairy outlets, which are selling onions at Rs 62-64 per kg, is also contemplating reducing prices from Tuesday, an official said.
Prices of the kitchen staple have also declined as onions from Afghanistan via Wagha border have started coming into the market, traders added. "Supplies have improved as the new crops from Bangalore mandi is coming in to the Azadpur mandi, which has brought the prices down by Rs 10 per kg to Rs 45-50 per kg,’ Onion Merchant Traders Association president, Surendra Budhiraj, said. He added that supplies have increased by approximately 30 per cent from the last week, with around 12,000 quintals of onion arriving in the market on Monday against last week's average arrival of 9,000 quintals. Meanwhile, Mother Dairy outlets, which are selling onions at Rs 62-64 per kg, is also contemplating reducing prices from Tuesday, an official said.
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