HYDERABAD: During this October-November festive season, onion prices may skyrocket, like last year. The onion price has already increased to Rs 100 per kg in Andhra Pradesh due to a decline in arrivals and excessive rains which lead to the damage of onion crop stored in Andhra Pradesh, which is one of the major producer of onion.
According to reports, the onion prices hit a record high in the Kurnool market yard. The quintal onion was priced at Rs 4,850. It is said to be the high price in this season.
Added to that officials even said that the Quintal of onion price would likely to raise Rs 10,000 in the coming days. But however Onion farmers are expressing their happiness over the increase of crop price.
With this decline in supply the onion retail prices would go up to even the `120-150 per kg range in coming days. Until ten days ago, it was less than Rs 30 per kg and today it has reached Rs 100.
Low quality onions are being sold for over Rs 85 per kg in Andhra Pradesh. Traders predict that onion price is likely to grow further in the coming days. With the lack of onion supply from Andhra Pradesh the onions price in Telangana will also be increased in the coming days.