Fresh onion supply pulls down wholesale price in Delhi

January 17th, 2011 - 7:57 pm ICT by IANS  

New Delhi, Jan 17 (IANS) With the arrival of fresh stocks, onion prices in the capital’s wholesale market have dipped to Rs.13-33 per kg and are expected to go down further, traders said Monday.Onions in retail markets cost Rs.45-60 per kg.

“The wholesale prices of onion have dipped to Rs.13-33 per kg as fresh supply is arriving in the market now. The prices will see a downward trend now,” Rajan Sharma, general secretary of the Chamber of Azadpur Fruit and Vegetable Traders, told IANS.

According to Sharma, around 1,600 tonnes of fresh supply had arrived at Azadpur mandi, Asia’s biggest wholesale market of fruits and vegetables.

“Crops have been harvested in Maharashtra, Rajasthan, Madhya Pradesh and Gujarat. The prices will now come down in the coming week,” Sharma said.

However, the impact of fresh supply in the wholesale market is yet to be seen in the retail market where onions continued to cost between Rs.45-60 per kg.

“We are getting onions at Rs.50 per kg here. I wonder if the prices are coming down in the wholesale market, why aren’t we getting onions cheaper,” said Shail Verma, a housewife from Sarojini Nagar.

Related Stories

Tags: , , , , , , , , , , , , , , , , , , ,

Posted in Business |