The price of onions has crashed owing to a glut in the market with many farmers in the State going for a second crop of onions this season. This comes after one kg of onions costed over ₹100 in 2023.
Currently, small and medium-sized onions, which were selling at ₹20–₹25 per kg a few days ago, has reduced to ₹5–₹10 per kg due to excessive supply at the Agricultural Produce and Livestock Market Committee (APMC) in Yeshwanthpur.
“The government stopped exports last year when the price was at ₹35–₹40 per kg thinking there will be a huge shortage. This also prompted farmers from regions like Chitradurga and Challakere to go for a second onion crop expecting a good price,” said B. Ravi Shankar, an onion merchant in APMC and the secretary of Onion Merchants’ Association of Bengaluru.
