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Onion prices may rise again

Onion prices can once again rise up to 15 percent. According to media reports, Turkey has decided to stop onion exports. That is why it is believed that prices may once again be bounced. However, the imported onion from foreign countries has started getting available at various central stores in Delhi.
|| Anjan Kumar Samal

On Tuesday, people bought onions by standing on the lines in many ‘KENDRIYA BHANDARS’ of Delhi. At the same time, onion will also available  at stores of Mother Dairy from Wednesday. Currently, domestic onion in Delhi is 120-140 rupees per kg. About 50 tonnes of imported onions have stocked in Delhi. About 790 tonnes of imported onions have been imported into the country. According to a report by the Indian Express, to reduce skyrocketing prices of onions, the government had decided to import onions from Turkey and Egypt.

According to the report, the data showed that India has imported 7,070 tonnes of onions in the current financial year out of which 50 percent of this is sourced from Turkey. According to traders, however, onion prices in Turkey have increased due heavy export in bulks from the country. That is why Turkey has decided to stop the export of onions.

Suresh Deshmukh, a big wholesale dealer in Nashik district of Maharashtra, told ‘The Indian Express’ that after the shortage of onions in Turkey, the government there has banned exports. Deshmukh and other traders say that this decision will accelerate onion prices again in the future course of time. 

But many people have denied increasing the price of onions.Many consignment on Onions are also on the way. These will help improve domestic supply. The kharif production is expected to be declined by 25 percent in the 2019-20 crop year (July to June). Onion production has come down due to reasons like delayed monsoon and excessive rains in major producing states of India.

 

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