Zee Media Bureau
New Delhi: The budget of Indian household seems to be going haywire owing to a steep rise in onion prices in the last couple of days.
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Onion prices have shot up by more Rs 30 in just last ten days in central India following shortage of supply.
Wholesale onion prices hit two year high of Rs 4,900 per quintal, after it shot up by Rs 400 at the country's largest bulb wholesale market in Lasalgaon, Nashik.
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Total onion production is estimated to be at 189 lakh tonnes in 2014-15 crop year (July-June), slightly lower than 194 lakh tonnes, a year ago.
Retail prices of onion have already touched Rs 80 per kg in the national capital. In its bid to offer relief to consumers from high prices, the Delhi government has facilitated sale of onions at a subsidised rate of Rs 30 per kg.
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Onion prices are hardening due to the fall in production and sluggish supply of stored onions, which are meant for meeting demand during the lean July-September.
With Agency Inputs
