Not just veggies, chicken prices are flying too
Even as the price of tomatoes seem be inching downwards, it is now time for the prices of onions and poultry products to head north. Shaswati Das reports.business Updated: Jul 11, 2013 01:50 IST
Even as the price of tomatoes seem be inching downwards, it is now time for the prices of onions and poultry products to head north.
“Even though the price of tomatoes has gone down by Rs 5-6, retail prices of onions have begun to spiral upwards by nearly Rs 10. This is bound to rise even further because domestic supply has begun to fall drastically as export of onions to other countries continues to remain the same,” said Anil Malhotra, member, Delhi’s Agricultural Produce Market Committee (APMC).
In east Delhi’s Mayur Vihar, residents claimed that they were paying 40% more for onions as compared with last week.
For a kg of onions, which cost Rs 25, consumers are now shelling out Rs 35, which is only likely to rise over the coming weeks.
Poultry prices too have gone up by 6-10% in a week. This, officials said, could only be attributed to the increased cost of poultry feed, which comprises mainly of soyabean meal – prompted by a spurt in exports and an equal decline in domestic supply.
“Chicken prices are skyrocketing because the cost of the poultry feed has gone up,” said AK Sharma, member, Poultry Federation of India.