Tuesday 28 January 2020
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business-standard - 2 month ago

Retail onion prices touch Rs 140/kg mark in some cities

Pinching hard on consumers pockets, retail onion prices have surpassed the Rs 100 per kg mark in most cities across the country and in some places it is ruling at Rs 140/kg, as per the official data maintained by the Consumer Affairs Ministry. Onion prices have been ruling high for past few weeks due to fall in production of the Kharif crop following unseasonal rainfall in key growing states, including Maharashtra. The price of onion was ruling at around Rs 120/kg in Mumbai, Chennai and Kolkata, while it was around Rs 100/kg in Delhi on Friday, as per the ministry s latest data. The key kitchen staple was quoting high in the tier II and tier III cities as well. The average modal price of onion in the retail markets was ruling at Rs 110/kg, while the maximum rate was ruling at Rs 140 per kg at Port Blair on Friday, the data showed. To boost supply and contain price rise, the government has contracted over 21,000 tonnes of imports through state-run MMTC and the shipments are expected ..

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