Onion prices are likely to fall in mid-January
Onion prices are likely to fall in mid-January
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After heavy rainfall in Telangana, the onion prices are very high. Now, Onion prices are likely to fall until mid-January when new crop is available to balance demand and supply. Currently, kitchen majors are selling from Rs 60 to 80 per kg in the retail market. Onions sold at Rs 20 per kg from June to August are now three to four times the previous rate. However, there may be a slight decline in prices.

During the Dussehra festival, the wholesale price of onion sold at Rs 90 per kg, while the retail market was priced between Rs 120 and 130. The price has been slightly reduced until Diwali, and there are many supermarkets in the telugu Cities. Offers between Rs 60 to 70 per kilo. Explaining the reasons for the increase in onion prices since September, Dharanikota Sudhakar, vice president of the Secunderabad Wholesale Grain Merchants Association, said that heavy rainfall in the two Telugu states and neighbouring states had led to this situation. Onion crops in Kurnool, Mahabubnagar, Tandoor, Shankarpalli, Sadashivpeta and Narayankhed were damaged and the prices rose.

During the Dussehra festival, the wholesale price of onion sold at Rs 90 per kg, while the retail market was between Rs 120 and 130. The price is expected to be slightly reduced until Diwali. Most supermarkets in the twin cities offer between Rs. 60 and 70 per kilo. Explaining the reasons for the increase in onion prices since September, Dharanikota Sudhakar, vice president of the Secunderabad Wholesale Grain Merchants Association, said that heavy rainfall in the two Telugu states and neighbouring states had led to this situation. Onion crops in Kurnool, Mahabubnagar, Tandoor, Shankarpalli, Sadashivpeta and Narayankhed were damaged and the prices rose.

Hyderabad District Agricultural Market Committee Chairperson Radha Giridhar Gupta said that the marketing department came to protect the common people when prices rose in the retail market. "Counters were opened in various farmer's bazaars in Hyderabad and onion sold at $35 per kilo when its price was four times higher in the retail market. Two kilos of onions were given per day for each person," she said. The sale is still ongoing, but demand has declined slightly, somewhat due to the price drop," he said.

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