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Onion prices increase by Rs5-10/kg in Mumbai, Chennai

Wednesday, 5 January 2011 - 7:58pm IST | Place: New Delhi | Agency: PTI
Retail prices of onions rose by Rs5-10 per kg to Rs55-60 in Mumbai and Chennai today, but remained unchanged at Rs50-60/kg in Delhi and Kolkata due to sluggish supplies.

Retail prices of onions rose by Rs5-10 per kg to Rs55-60 in Mumbai and Chennai today, but remained unchanged at Rs50-60/kg in Delhi and Kolkata due to sluggish supplies.

Meanwhile, wholesale price of onion in Delhi and Mumbai remained unchanged from yesterday's level at Rs45/kg, while rates in Chennai fell by Rs5/kg to Rs55. But in Kolkata, prices rose marginally to Rs55/kg today, up by Rs3 from yesterday, according to the reports from these centres.

"Retail prices in metros are still ruling high as daily supplies in the wholesale markets are lower by 2,000-3,0000 tonnes as compared to last year," according to traders in Delhi's Azadpur wholesale market, Asia's biggest market for fruits and vegetables.

According to the data maintained by the National Horticultural Research and Development Foundation (NHRDF), the daily arrival of onion was only 5,336 tonnes in Delhi today, as compared to 8,000 tonnes in the same day last year.

In Mumbai's wholesale markets, the daily onion supplies fell to 6,400 tonnes from 8,000 tonnes, supplies in Chennai dipped to 4,200 tonnes from 6,000 tonnes, supplies in Kolkata declined to 1,120 tonnes from 4,000 tonnes, the data showed.

Retail prices of onions had surged to Rs70-85 per kg between December 20-21 in major cities across the country due to crop damage in Maharashtra caused by abnormal rainfall.

Maharashtra and Karnataka are the two major onion-producing states in the country, accounting for 40% of the average annual output of 12 million tonnes.

The government had banned exports and removed import duty on onions to boost domestic supply and curb rising prices. Private traders have already imported over 5,000 tonnes of onions via road through Amritsar.
 




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