Onion prices rise 10% as delayed kharif arrivals tighten supplies
New Delhi, Oct. 19 -- Onion prices have risen about 10% in wholesale markets over the past week as delayed arrivals of the new kharif crop tighten supplies, with traders expecting prices to climb further by another Rs.8-10 per kg before fresh produce reaches markets in larger quantities in November.
At Lasalgaon, one of India's largest onion trading markets in Maharashtra, prices touched Rs.4,551 per quintal on Monday, up about Rs.2 per kg from Saturday. Daily arrivals have fallen around 15% over the past week, according to Vikas Singh of the Horticulture Produce Exporters Association (HEPA).
The increase comes as stocks from the previous rabi harvest are running low, while arrivals of the new kharif crop have been delayed by nearly a m...
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