Onion prices skyrocket, impacting household budgets; traders cite supply shortage

The recent surge in onion prices is causing concerns for consumers as the essential kitchen staple witnesses a rapid and substantial price hike. According to onion traders, the cost of onions has soared from Rs 25-30 per kg before Navratri to Rs 65-70 per kg in the markets, creating budgetary challenges for households.

Tomato prices have also seen an increase, with rates now reaching Rs 40-45 per kg. Onion traders are attributing the surge in prices to a supply shortage, while traders and customers alike express worry about the rising costs and potential impacts on essential expenses.

A vegetable vendor voiced concerns, warning that if the supply shortage continues, onion prices could soon touch Rs 100 per kg. The Ministry of Consumer Affairs acknowledged the issue, explaining that the delay in crop arrivals from major producing states like Maharashtra and Madhya Pradesh has driven retail prices up sharply.

To address the situation, the ministry has taken measures to procure significant quantities of onions and anticipates further control over prices with additional procurements. The government has already released substantial quantities of onions in wholesale markets across various states, including Delhi, Haryana, Karnataka, Odisha, Tamil Nadu, Uttar Pradesh, and more. These efforts are expected to lead to a decline in onion prices in the coming days.