In October, the higher onion prices had capped a decline in the thali prices as the prices of the politically sensitive commodity increased to Rs 40 per kilogramme from Rs 34 per kg in the second half of the month.
Onion Price Hike Reason News: The recent surge in Onion prices have been a setback for common people as it is one of the main vegetables that is mostly used in all the food items. It is not for the first time that the price of onions have increased. There is always a fluctuation in the price of onions.
Traders have expressed concerns that this price surge may persist in the months to come that will put increasing pressure on both households and restaurants.
The government recently imposed a Minimum Export Price for onions and procurement of an additional 2 lakh tonnes of onion for buffer stocks, , onion prices
The move comes as onion prices continue to escalate, currently ranging between Rs 65 and Rs 80 per kilogram in the retail market of the national capital, Delhi.