Onion Price Hike: After tomato, cumin, pigeon pea, now it is onion’s turn, prices are going to make you cry

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Onion prices may fall again in October. According to reports, the festival season starts in full swing from October. Meanwhile, relief can be seen from the fluctuations in onion prices. Onion prices may remain stable in the month of October to December.

These days intense discussion is going on everywhere regarding tomato prices. Apart from skyrocketing tomato prices, pulses and spices have also sharpened their stance. The prices of spices like cumin, turmeric have also increased wildly. The price of Arhar dal has also increased. Meanwhile, there is talk in the market that onion prices may increase in the coming days.

That is, this is very bad news for those who are fond of eating onions directly. Onion prices may reach a record level in the next one month. At present, the price of onion ranges from Rs 28 to Rs 32 per kg. But by next month, onion prices may see a record rise. Onion prices can increase up to two and a half times in the month of September. That is, its price in the retail market can reach up to Rs 60-70 per kg. However, these prices are going to remain below the highest level reached during the year 2020.

According to a Crisil Market Intelligence and Analytics report, “The demand-supply imbalance is likely to reflect on onion prices in late August.” As per the inputs received from the ground level interactions, the prices in the retail market are expected to increase significantly from the beginning of September and may reach up to Rs 60-70 per kg. However, the price will remain below the high of 2020.

With the storage and utilization period of rabi onions being reduced by a couple of months and panic selling in February-March this year, the rabi stock in the open market is likely to fall significantly by end-August instead of September, the report said. There is apprehension. This will increase the consumption of onions.

According to the information, onion prices may remain elevated for about 20 days. There is a possibility that after this the customers can get onions at slightly cheaper prices. If we look at the data of the Ministry of Consumer Affairs, then on August 4, the average price of onion was around Rs 27 per kg. Onion was a maximum of Rs 60 per kg. During this, the most expensive tomato has been sold, the price of which was Rs 257 per kg. Its average price was Rs 140. According to the report, the recession season can last for 15-20 days. During this time the supply in the market may be less. The prices may also increase due to lack of supply in the market. This condition can also last for about a month, although this has not been confirmed in a concrete way.

In the beginning, the price of onion has been like this

Onion prices may fall again in October. According to reports, the festival season starts in full swing from October. Meanwhile, relief can be seen from the fluctuations in onion prices. Onion prices may remain stable in the month of October to December. That is, during this time there will not be any ups and downs in the prices. Let us inform that during the months of January to May, the prices of pulses, cereals and many vegetables had increased, but during that time the prices of onion did not make the general public cry. During this, onion was being sold in the market at normal price only.

sowing effect

It is believed that this time the cultivation of onion among the farmers is very less, due to this there is a possibility of increase in the prices of onion. “Given this, we expect acreage to decline by eight per cent this year and onion kharif production to be lower by five per cent year-on-year,” the report said. The annual production is expected to be 29 million tonnes. This is seven per cent more than the average production of last five years (2018-22).” Therefore, there is no possibility of a major shortfall in supply this year despite lower Kharif and Rabi production. However, rains in August and September will determine the onion crop and its growth.

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