New Delhi: The common man can expect to get some respite from the rising prices of onions only next month when the fresh stocks begin to come in the market. (JPN/Bureau)
Drought in southern and western regions of the country where farming of onions is done on a large scale is being attributed as the reason for the rising prices.
Making matters worse Maharashtra, Gujarat and Karnataka which are the top growers of onions have also been hit by drought. This has resulted in approximately 20 percent decline in onion production.
However, we can expect some respite from the skyrocketing prices of onions when fresh stocks begin to come in the market by February end. The domestic prices have also affected the export of onions.
According to latest estimation of the National Council of Applied Economic Research, the production of onions in current fiscal year 2012-13 is expected to fall by 20 percent. Besides this, Cold and fog have also played a major role in affecting the supply of onions to the wholesale market.
Less than a month back, the prices of onions were Rs 20-25 per kilogram but today the prices have shot up to Rs 35-40 per kilogram, thus denting the pockets of the common man.
New Delhi: The common man can expect to get some respite from the rising prices of onions only next month when the fresh stocks begin to come in the market.