Business Desk: The common man, troubled by skyrocketing prices of petrol and diesel, has now started making onions. Onion prices are hovering around Rs 50 in the wholesale market of the country's capital Delhi and adjoining areas. At the same time, its retail price has reached 65 to 75 rupees per kg. Let us tell you that onion prices have doubled in the last month and a half. At the same time, onion prices have become costlier by Rs 1000 per quintal in the biggest market of Lasalgaon.
According to media reports, the average wholesale price of onions in Lasalgaon Mandi rose by Rs 970 per quintal to Rs 4200-4500 per quintal in the last 2 days. Onions are shipped across the country from Lasalgaon in Nashik. Sometime ago, due to unseasonal rains and hail in Maharashtra, onion crop has suffered a lot. This reduced the arrival of onion in the wholesale market. This is said to be the most important reason for onion being expensive.
On Saturday, the average price of onion in Lasalgaon was around 4250-4,551 per quintal. For Kharif variety onion, it was recorded at Rs 3,870 per quintal. According to a trade, the price of onion has increased due to rain. On February 20, onion prices were being sold in Lasalgaon Mandi at Rs 3,500-4,500 per quintal. Onions are expected to become more expensive in the coming days. Many traders reported that the supply of kharif crops has decreased.
Onion prices are rising at a time when farmers are protesting across the country regarding the new agricultural law. The Essential Commodities Act was amended in Parliament in these new agricultural laws. Last year, items like potatoes, onions, lentils, rice, edible oil-oilseeds have been removed from the purview of Essential Commodities Act-1955, which means the stock limit has been removed. . Now there will be no jail for storing these items more. Companies or any traders will be free to deposit these items to any extent.