Onion price: Onion price has started increasing again. The retail price of onion has increased by 25 to 50 percent in the National Capital Region. Depending on the quality, onions are being sold at Tk 50-70 per kg. Even Mother Dairy, a subsidiary of the National Dairy Development Board (NDDB), has hiked prices at its retail outlets. The 10-day Navratri festival triggered the price hike.
Household expenditure has increased
Onion prices are rising again, raising concerns about rising household spending and possible inflation. Official data till October 25 shows that the peak retail price of onion has increased by around Rs 70 per kg and the increase is expected to continue till December when the kharif crop will hit the market.
These are wholesale prices
As of October 26, the average wholesale price of onion reached Rs 3,112.6 per quintal, up from Rs 2,506.62 per quintal on October 1. According to media reports, wholesale rates in Maharashtra’s Lasalgaon have increased by nearly 60 percent in the past two weeks. Onion prices have increased by 50 percent in many parts of the country.
Onion price has increased by 50 percent in the capital Onion price has increased in the capital Availability of onion