Onion prices increased from Rs 25 to Rs 40 at the Netaji Market here on Thursday due to shortage of supply.
President of the Vellore Town Netaji Market Vegetable Sellers Association Balu said that the market had been receiving an average of three loads of onion everyday weighing around 45 tonnes.
However, these loads of onions could not be sold on the spot as they were fresh and had to be dried.
Therefore the existing stock had to be sold, Balu said and added that the price had gone up as the stock had reduced. He, however, said that fresh stock of onions was expected in 10 days’ time and would be brought to the market for sale in a month during when the prices would also crash.
As on Thursday, the first grade onions from Nasik and Maharashtra were priced around Rs 55, while the second grade onions from Andhra Pradesh and Karnataka were priced around Rs 40.
However, there was no change in the price of sambar onions (small onions), which were priced around Rs 60.