Active Stocks
Thu Apr 18 2024 15:59:07
  1. Tata Steel share price
  2. 160.00 -0.03%
  1. Power Grid Corporation Of India share price
  2. 280.20 2.13%
  1. NTPC share price
  2. 351.40 -2.19%
  1. Infosys share price
  2. 1,420.55 0.41%
  1. Wipro share price
  2. 444.30 -0.96%
Business News/ News / India/  Onion costliest at 100/kg in Bengaluru; lowest at 35/kg in just 2 cities
BackBack

Onion costliest at ₹100/kg in Bengaluru; lowest at ₹35/kg in just 2 cities

The average all-India daily price of onion was ruling as high as ₹70/kg on Monday
  • Retail prices maintained by the government are normally lower by ₹10-20 per kg than the trade data as prices differ depending on the quality and locality
  • A shopkeeper arranges onions at Ghazipur vegetable market, in New Delhi. (ANI)Premium
    A shopkeeper arranges onions at Ghazipur vegetable market, in New Delhi. (ANI)

    NEW DELHI : Onion, a politically-sensitive commodity, remained costliest in the retail markets of Bengaluru at 100 per kg on Monday despite Karnataka being the third-largest producer of the kitchen staple in the country, according to government data.

    The lowest price quoted was 35/kg in only two cities -- Udaipur in Rajasthan and Rampurhat in Birbhum district of West Bengal -- out of the 114 cities where price trends are monitored on a daily basis by the government.

    The average all-India daily price of onion was ruling as high as 70/kg on Monday.

    Consumers even in the growing regions are paying elevated rates for the key kitchen item.

    Despite Maharashtra being the top onion producing state in the country, retail price of the commodity in Mumbai was a hefty 77/kg.

    A similar situation prevailed in Delhi, one of the major consuming markets, where retail prices were firm at 65 per kg, in Kolkata at 70 per kg and Chennai at 72 per kg on Monday, as per the government data.

    Retail prices maintained by the government are normally lower by 10-20 per kg than the trade data as prices differ depending on the quality and locality.

    Onion prices have soared for the last few weeks due to tight supplies following damage to this year's kharif crop in the wake of heavy rainfall in the key growing states of Maharashtra and Karnataka.

    However, the government has taken several measures, including banning exports and imposition of stock limits on traders, to boost the domestic supply and keep the prices under check till the arrival of fresh crop by end of this month.

    The government is also increasing domestic availability by releasing buffer stock of onion as well as relaxing norms for imports via private trade till December.

    Maharashtra, Madhya Pradesh and Karnataka are the top three onion growing states in India.

    Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

    Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
    More Less
    Published: 02 Nov 2020, 07:36 PM IST
    Next Story footLogo
    Recommended For You
    Switch to the Mint app for fast and personalized news - Get App