Stories
Massive Drop In Onion Prices Brings Relief Before Festival
- •Onion prices across the country are set to drop sharply due to increased supply from the Kharif season harvest.
- •Prices in Maharashtra mandis dropped by about 13 percent from 4030 rupees to 3475 rupees per quintal.
- •Retail onion prices have decreased by 1 to 21 rupees per kg across 126 cities nationwide over the past two weeks.
- •Fresh Kharif onion supply has started arriving from major producing states like Karnataka, Andhra Pradesh, and Rajasthan.
- •Production is expected to increase by 5 percent compared to last year, bringing further relief to consumers before the festival.
Key Questions Answered
Onion prices dropped due to an increase in supply as the Kharif season harvest began. Fresh onion supplies started arriving from major producing states like Karnataka, Andhra Pradesh, and Rajasthan, while government buffer stocks met market needs.
In Maharashtra mandis, onion prices dropped from 4,030 rupees per quintal on September 16 to around 3,475 rupees by October 3, marking a 13 percent decrease. Additionally, retail prices across 126 cities fell by 1 to 21 rupees per kg over a two-week period.
Officials and the Indian Meteorological Department expect favorable weather conditions for the crop, with production projected to increase by 5 percent compared to last year. Favorable rainfall and the lack of heavy rain are expected to ease harvesting, drying, and transporting.
