Onions at Rs.5 per kg soon? Traders say soJanuary 13th, 2011 - 2:24 pm ICT by IANS
New Delhi, Jan 13 (IANS) Onions may sell for as low as Rs.5 per kg fom next week with the market set to be flooded with a new harvest, the Azadpur wholesale vegetable traders association here said Thursday.”The new harvest begins after Lohri, so the wholesale market will be flooded with a huge amount of onions, due to which retailers can sell onions at Rs.5-10 per kg to buyers,” Ranjan Sharma, general secretary of the chamber of Azadpur fruit and vegetable traders, told IANS.
Prices of the humble onion had touched Rs.100 in some parts of India in the past month.
“Today we have sold around 400 tonnes to retailers. The onion price today is hovering between Rs.20-40 per kg,” said Sharma.
He said the price varied depending on the vegetable size, with the onions generally used in households being sold at Rs.30-35 per kg.
Wholesale onion traders were on strike for two days to protest raids by the income tax authorities to prevent hoarding, but they called it off Wednesday.
“The price is likely to go down in the next two to three days, as supply will increase daily. Today we had less stock due to two days’ strike,” he claimed.
On Wednesday, the traders had also met Delhi Chief Minister Sheila Dikshit and called off their strike, which had began Tuesday afternoon, on the assurance that their premises would not be raided by the authorities.
“She asked us to procure as many onions as possible and sell them at reasonable rates to ease some pressure on prices. The situation is expected to come under control within a week,” Sharma added.
Onion prices shot up across the country after crops in Nashik in Maharashtra were spoilt due to untimely heavy rains.
The IT department last week conducted similar search operations in Uttar Pradesh, Maharashtra and few other states.
- Delhi markets raided to check onion hoarding - Jan 10, 2011
- Fresh onion supply pulls down wholesale price in Delhi - Jan 17, 2011
- Delhi onion traders on strike from Wednesday - Jan 11, 2011
- Onion traders in Delhi call off strike (Lead) - Jan 12, 2011
- Onion prices will dip by mid-January, say traders - Jan 03, 2011
- Peeved at raids, Delhi onion traders continue strike - Jan 12, 2011
- Onion prices to crash by mid-January (Lead) - Jan 03, 2011
- Onion traders call off strike, prices to dip in a week (Second Lead) - Jan 12, 2011
- Delhi onion traders to go on strike, government threatens action (Lead) - Jan 11, 2011
- Onion traders in Delhi go on indefinite strike against raids - Jan 12, 2011
- Onion traders call off strike after talks with Delhi Chief Minister - Jan 12, 2011
- Tamil Nadu to retail onions, prices dip in Chennai - Dec 22, 2010
- Onions now at Rs.37.5/kg after raids on hoarders: Minister - Dec 22, 2010
- Onion cheap in wholesale market, but not at your vendor's - Dec 22, 2010
- Onion prices decline following raids on godowns in UP - Jan 08, 2011
Tags: chief minister, crops, fruit and vegetable, general secretary, heavy rains, hoarding, humble onion, income tax authorities, lohri, month today, nashik, New Delhi, new harvest, onion prices, onions, search operations, sheila dikshit, traders association, tuesday afternoon, wholesale market