PERSONAL FINANCE
There is a major spike in the rates of onions in Delhi NCR and the traders have blamed it on shortage of supply, among other factors.
The price of onions in the national capital on Saturday witnessed a huge increase to almost double the previous price affecting household budgets.
Onion traders are putting the blame for the sudden spike in onion prices on a shortage in supply.
According to the onion traders, the onions were priced at Rs 25-30 per kg before Navratri which have gone up to Rs 55-60 per kg in three days and these are being sold at Rs 65-70 per kg in the markets.
Currently, the retail prices in Delhi NCR stand at Rs 60 per kg from Rs 40 per kg a fortnight back due to delayed arrivals of harvest from key producing states like Maharashtra and Madhya Pradesh, as per an official of the Ministry of Consumer Affairs.
"The inflow of the onion is low resulting in high rates. Today the rates are Rs 350 (per 5 Kg). Yesterday, it was Rs 300. It was Rs 200 before that. A week ago, rates were Rs 200, Rs 160 or Rs 250 etc. The rates have gone up in the last week. The rates have risen due to a shortage in supply," an onion trader at Ghazipur vegetable market in Delhi said while speaking to ANI.
A customer at the market expressed concern about the soaring prices and said that earlier 1 kg of onion was available for Rs 20 now it is priced at Rs 50-60 per kg and added that if this continues it will affect the daily household expenses.
A vegetable vendor at Ghazipur market said that if the shortage of supply isn't met then the prices will soon reach Rs 100 per kg.
"We are here to purchase onion. The onion rates were Rs. 50 before Navratri, now it is Rs. 70/kg. Our purchase is at Rs 70 per kg and we will sell it at Rs 80/kg. Earlier, it was Rs 30-40 per kg. If this continues, the rates will reach Rs 100/kg," he said.
He further said, "The rates for onions have gone up the most. Rates for tomatoes have also gone up. Earlier, tomatoes were Rs 20/kg, now it is Rs 40-45 per kg. Tomatoes will also reach Rs. 70/kg if this continues."
Shamstabrej Raine, a wholesale rate seller of potatoes and onions, said that the rates of onions have increased since Navratri.
"Onion rates often increase after Navratri because 15 to 20 per cent of old onions are left and the new crop is late. The reason for the increase in onion rates is that today onion is being sold at Rs 50 to Rs 55 per kg in Nashik itself, so it is obvious that the freight from there will be Rs 5 per kg. We are selling onions at a wholesale rate of Rs 50 to Rs 60 per kg. This onion will be sold at retail for Rs 70 a kg," he said.
Ashok Kumar, a consumer said, "Earlier we used to buy whole sacks of onion to use in our homes, today onion has become so expensive that I am buying 5 kg onion in a plastic bag. I have come to Gorakhpur Mandi to buy onion, here onion is being sold at Rs 55 to Rs 60 per kg. Onions are available at Rs 70 per kg in retail shops outside."
The Ministry sources informed that it has procured over 5.07 lakh metric tonnes of onion and is all set to procure another 3 lakh metric tonnes in the days to come, which will help keep the price under control.
The government has disposed of over 1.74 lakh metric tonnes of onion in wholesale markets of Delhi, Haryana, Karnataka, Odisha, Tamil Nadu, Uttar Pradesh, Chandigarh, West Bengal, Telangana, Uttarakhand, Bihar, Assam and Uttarakhand, the official said, adding that the prices of onion will start declining in coming days.
According to the official, the retail price matrix got disturbed due to the fall in the arrival of onions in Mandis. Still, the price of onion is much lower in comparison to 2021, when onion prices had crossed the Rs 100 mark, the official added.
DNA TV Show: How US Presidential election results may impact the world
Sharda Sinha dies at 72: Who are there in her family?
Who was Sharda Sinha aka Bihar Kokila, famous for Chhath and Maine Pyar Kiya songs?
Bihar Kokila Sharda Sinha passes away in AIIMS, son Anshuman confirms news
Parliament's winter session to begin from Nov 25, to continue till Dec 20
IPL 2025 mega auction dates announced: Check no. of players, venue, where to watch and more
Deepinder Goyal reveals customers' reaction to wife Grecia Munoz delivering Zomato orders
Infosys founder Narayana Murthy flirts with Sudha Murty in viral video from Kapil Sharma show
Ajay Devgn's fans don't want Singham Again to become a blockbuster: 'Rohit Shetty jab tak hai...'
Types, Most Popular and Where to Buy Peptides for Bodybuilding
Luxury in the City of Light: SABO Boutique Hotel Brings Elegance to Varanasi’s Sacred Ghats
Virat Kohli, Babar Azam could play for same team as Afro-Asia Cup set for revival
Shaping the Future of Web Apps: Full Stack Developer’s Expertise in API Design and Cloud Deployment
The Role of Artificial Intelligence in Enhancing Software Performance and Security
Mastering Linux for Superior Sound
Amid divorce rumours of Abhishek Bachchan and Aishwarya Rai, Aaradhya praises mother in viral video
AI in Data Warehousing: Future Trends and Innovations
Mukesh Ambani's Reliance Jio IPO worth Rs 840960 crore in 2025: All you need to know
After India's 0-3 loss against New Zealand, Shah Rukh Khan calls Gautam Gambhir...
BIG revelation on Imane Khelif, Olympic gold medallist boxer's medical repot leaked, it confirms…
Meet man who built Rs 152000 crore company, donated Rs 100 crore, now set to lead US firm as...
Visa Uncertainty: Impact of US polls on global talent
Virat Kohli turns 36: IPL franchises send heartwarming birthday wishes to legendary India cricketer
Meet Sanjay Verma, the new DGP of Maharashtra who replaced Rashmi Shukla
Anushka Sharma shares FIRST photo of Akaay, Vamika to celebrate Virat Kohli’s birthday
CAT 2024 admit card to be out today at iimcat.ac.in; know release time, steps to download
Vikas Divyakirti UPSC Tips: Check strategy to crack IAS exam, aspirants should study for...
Video of Pakistani man putting hand into chained tiger's mouth goes viral, social media reacts
Shalini Passi reveals her husband's connection to Shah Rukh Khan's wife Gauri Khan, they were..
SC upholds validity of UP madrassa law, says it does not violate principle of secularism
US Presidential Elections 2024: What time do the polls close; when will the results be known?
Elon Musk shares controversial post on X amid US election results, video goes viral
Mukesh Ambani's company earned Rs 15393 crore last week, his net worth now stands at...
Chhath Puja 2024: Know about Kharna, Sandhya Arghya, Usha Arghya, date, timings and puja vidhi
Virat Kohli Birthday: Legendary batter turns 36, here's a look at his incredible milestones
When Ratan Tata met his first true love after 50 years, went for dinner together, know who she was
Samantha Ruth Prabhu hits back at trolls who body-shamed her: 'If you guys...'
Two fall prey to Narayana Murthy and Mukesh Ambani's deepfake videos, lose Rs 80 lakh: Report
North Korea fires multiple ballistic missiles toward sea ahead of US election
Deepika Padukone romances Hrithik Roshan in Bikini, looks sizzling hot in UNSEEN viral video
Chhath Puja 2024: Top 50 wishes, What'sApp messages, quotes to share with your loved ones
Meet Caroline Emmons, Ratan Tata's 'first love' with whom he couldn't marry due to...
Who is Rohan Jaitley, frontrunner to replace Jay Shah as BCCI secretary?
World’s most expensive human tooth is valued over Rs 3000000, it belonged to…
Viral video: Little girl’s adorable dance to Lisa Haydon’s 'Manali Trance' impresses internet, watch
SC to deliver its verdict on pleas against Allahabad HC order scrapping UP madrasa law today
DNA TV Show: Why Election Commission changed Assembly by-elections' dates
Days after imposing fine on Anil Ambani, Sebi now issues Rs 130 crore demand notices to...
Thailand announces indefinite visa-free entry for Indian travellers
Meet daughter of billionaire, who studied in UK, now works in Rs 32770 crore Indian company as...
MUDA case: Lokayukta police summon Karnataka CM Siddaramaiah for questioning on...
This city is 4000 years old, belongs to bronze age where 500 people lived, it is located in...