After breaching the ₹100 per kg mark, the price of onions in Bengaluru has come down to ₹30-40 per kg in the wholesale market in the backyard of Agricultural Produce and Livestock Market Committee (APMC) in Yeshwantpur while the price is fluctuating at ₹60 - 80 per kg in retail markets. With new stock from other States coming into the market, the supply crunch has been adjusted, traders reported.
B. Ravi Shankar, an onion merchant in APMC and the secretary of Onion Merchants’ Association of Bengaluru, said, “The new onions are available in plenty. So, prices have decreased right now.” In places with good irrigation facilities, the yield has increased by 20-30%. Some traders said that the wholesale prices of onions have decreased from ₹2,500 for 50kg to ₹1,700.
In Maharashtra, Rajasthan, Madhya Pradesh and Gujarat, mass production of onions is expected to happen around December, resulting in some price control in markets across India.
