BY Administrator_ India
For the second consecutive year, onion prices have begun to surge at retail outlets across the country. In cities such as Mumbai and Pune, retail prices have zoomed to Rs 100 a kg.
According to the Ministry of Consumer Affairs, the average retail price of onion in the country was Rs 55.60 a kg. In Delhi, prices are ruling at Rs 50 a kg. This means that prices in other parts of the country are not ruling as high as Mumbai and Pune.
On October 22, modal prices or rates at which most trades take place for onion were Rs 6,200 a quintal against Rs 5,800 a quintal a day before. This can easily translate to over Rs 75 a kg and higher at retail outlets in most parts of the country.