We all know that a small supply of onion can cause price rise in the market. Onion prices are touching the sky. A few weeks ago, onions, which were available from Rs 20 to Rs 30 per kg, are now sold in the city markets from Rs 50 to Rs 60 per kg. Even in Ritu bazaars, prices have steadily increased over the past two weeks and onion sold at Rs 44 per kg.
It should be noted that most of the Indian cuisine is now selling onions for Rs.50 and above. Retail shops and groceries also have a price rise of up to Rs 60 per kilogram. According to market committee officials, Hyderabad also receives onions from Moinabad, Shankarpalli and Gadwal and Kurnool areas, apart from Maharashtra and Karnataka. Traders say that the supply shortage from Maharashtra and Karnataka is due to rising prices. With a small supply of Hyderabad, traders started raising prices in local markets.
However, grade 1 onions, the largest market in the city, are sold from Rs 3,500 to Rs 4,500 per quintal, while grade 2 is available from Rs 3,000 to Rs 4,000 per quintal. The damaged onions are also sold for Rs 1,500 per quintal. Although the second-class onions in retail stores are available between Rs.30 and Rs.40 per kilo, they are in bad condition and many house wives refuse to buy them.