Onion prices four times higher than last year

Onions have left customers teary-eyed as prices of the staple continue to soar in the national capital.

The onion prices registered yet another hike on Friday. The prices os the staple were four times higher as compared to last year. On Nov 29, 2018, the wholesale prices of onion in Delhi”s Azadpur Mandi were between Rs 2.5/kg-16/kg. Whereas, it traded between Rs 20-62.5 per kg on Friday.

Traders said that onion prices are rising due to higher consumption and shorter supply.

“The arrival of onions in Azadpur Mandi was 1,045.6 tonnes on Friday, while the daily consumption of onions in Delhi is around 2,000 tonnes,” said traders.

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