Onion prices jump 45% in 2 weeks, to rise further
The vegetable is selling at Rs. 55 a kilo (retail), a big jump from Rs. 38 last week. And the prices are more likely to go up than come down.delhi Updated: Aug 05, 2013 01:32 IST
There’s no escaping the price monster. Onion prices have shot up 45% in the last fortnight, yet another burden on strained household budgets.
The vegetable is selling at Rs. 55 a kilo (retail), a big jump from Rs. 38 last week. And the prices are more likely to go up than come down.
“Onion prices have risen by more than Rs. 15 within a week and are likely to rise further. Supply in the domestic market is low due to rain destroying the harvest in Maharasthra and exports to other countries,” said Anil Malhotra of the Agricultural Produce Marketing Committee.
Cauliflowers — essentially a winter produce — have also witnessed a 50% jump in prices. The only relief is a gradual 15% cut in prices of tomatoes.
Retailers claim their hands are tied. “Procurement cost from wholesalers is sky-high, we can’t help but raise prices,” said a Safal outlet retailer.