Now, Onion Prices Go Up By Around 40% in Mumbai

After tomatoes and few other vegetables, the price of onion has seen around 40 per cent rise from traders and wholesale market in the last fortnight.

Onions are now priced at ₹30-40 per kg, whereas earlier, they were priced at ₹25-35 per kg. However, it is likely to touch ₹60 per kg, reports stated.

If reports are to believed, in a matter of three days, the retail rates of onions and even potatoes have seen a considerable increase, which is between 20 to 40 per cent as the wholesale rates have changed.

The average buying price of onion in the Agriculture Produce Market Committee (APMC) has risen up to ₹27 per kg which was ₹15 to ₹17 per kg around two weeks ago.

According to traders, onions stored in warehouses and other places by farmers were damaged due to excessive rainfall in several areas and even farmers brought excessive onions to the market during July which resulted in low stocks.

The erratic monsoon across the country has disturbed farming practices significantly. 

Normally, the APMC Vashi receives around 90 to 140 trucks laden with onions per day. For the last two weeks, the supply has come down and the number of trucks arriving at the market is around 80 to 90 trucks, which is insufficient to meet the requirement. The Vashi APMC supplies essential commodities to the MMR area and a dip in supply affects its prices across the MMR.

Supply of tomatoes to increase by October

Meanwhile, the price of tomatoes has come down sharply in wholesale as well as in retail. The average buying price of tomatoes which was around ₹95 to ₹110 per kg has come down ₹50 to ₹65 per kg. Even in retail, the good quality tomatoes are available at ₹100 per kg which was around ₹180 to ₹200 per kg. The supply will increase by mid-September and the price will be normalised by October.