Onion prices shoot up in Telangana due to short supply

At the Malakpet onion market here, the price of fine quality of onion increased to Rs 3,000 from Rs 1,800 per quintal at the start of this month.

Published: 24th August 2019 10:37 AM  |   Last Updated: 24th August 2019 10:37 AM   |  A+A-

Onions

For representational purposes

Express News Service

HYDERABAD:  As onion prices shot up in many parts of the country, same is the situation in Hyderabad and elsewhere in Telangana, as supplies of the commodity from neighbouring Maharashtra have dwindled due to floods and heavy rains there. 

While supply of onions to major markets in the State have declined to almost half of what they were last month or even at the start of this month, the prices in the local markets have doubled.  Maharashtra is the largest producer of onion, accounting for a third of the country’s produce.

At the Malakpet onion market here, the price of fine quality of onion increased to Rs 3,000 from Rs 1,800 per quintal at the start of this month whereas the supply has fallen to 1,700 quintals on Thursday from being around 2,800 quintals on an average in the first week of this month. 

Similar is the case with the other variety of onion, which usually costs Rs 900 per quintal but on Thursday it spiralled to Rs 1,700 per quintal. The arrivals decreased drastically from being close to 4,000 quintals on an average per day in the first week of this month, to just 2,544 quintals as on Thursday. In other markets across the State too, the situation is the same.

At Sadasivpet market, last month a few hundred quintals of onion used to arrive on a daily basis, which has come down to less than 100 quintals in the last two weeks whereas the price have increased from Rs 900 per quintal to as much as Rs 2,800 per quintal on Thursday. Ajay Kumar, an onion commission agent at the Malakpet onion market said, “The supply of onions from places like Nagar, Pune and Nashik has declined due to floods and heavy rains in the State.’’

Rs 3,000
price of fine quality onions per quintal at  Malakpet market while the supply has fallen to 1,700 quintals from 2,800 quintals 

Stay up to date on all the latest Telangana news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp