The Hush Post / 05:40 pm / 1-min-read
Onion prices have made all of us shed tears at Rs 100 per kilo for the last couple of days. Should we change the idiom as well from ‘the apple of one’s eye’ to ‘onion of one’s eye’?
Union minister for food and consumer affairs Ram Vilas Paswan said on Thursday that the prices of onion have increased due to a fall in domestic production of the crop.
“Prices have gone up as production (kharif onion) has declined by 30-40 per cent in the country,” Paswan said. Talking to PTI, the minister said that the prices should hopefully come down by end of November or beginning of December.
The wholesale prices of onion bulbs hit a four-year high due to a fall in arrivals (supply) in mandis. Prices in Nashik’s Lasalgaon market, Asia’s largest wholesale onion market, touched Rs 5,500 per quintal on Monday, which is the highest since August 2015.
On Wednesday, however, the wholesale price was recorded at Rs 4,300 per quintal.
On Saturday, onion arrivals plummeted to just 200 quintals on Saturday, before rising to 4,500 quintal on Wednesday.
Nearly two-thirds of India’s onion production is in the rabi onion which is sown during December and January. The crop is harvested during April and May. The kharif onion is sown in May-June and harvested in October and November. However, the late kharif onion is sown in August-September and harvested between January and February.
According to a news report, data shows that onion prices generally rise between September and November. This is mainly on account of low rabi onion stocks till the arrival of kharif onion in the market.