Why onion prices have soared so high amidst during ongoing favorite religious and culture festivals all around the corner. Multimedia Studio PR TEAM unearthed the reason behind this sudden increase in vegetable prices all over India. Therefore, www.multimediastudio.net appeal to the authorities to STOP exporting of onions to GULF COUNTRIES on immediate basis and take an drastic step to curb exporting of onions at this juncture, because onions is the common ingredients which requires in each dishes serve on food table in India even as salad as well.
Rise in price of onions isn't just a explanation for worry for a mean of household but also for restaurants, which face crisis thanks to ongoing Covid-19 pandemic. Here's why onion prices have soared so high While citizens are likely to cut back their purchases thanks to the sudden hike, whole-sellers and experts fear that the rates for the following one month will increase till Diwali, national festival of India.
The fact that the sudden price rise has occurred during the festive season has come as an enormous blow to citizens of India. Multimedia Studio survey Team visited a vegetable wholesale market in Mumbai’s Dadar & Byculla area where people were seen buying much but usual in panic in thought the prices may increase further as the festival is in offing and lockdown is releasing phase after phase as things are normalizing and flowing of guests, relatives, near and dear one from one place to another started - citizen gets boredom sitting and working from home for about 7 months straight.
Lokesh Sawant, a vegetable seller at Byculla market Mumbai , said, "People arouse rates and just depart, its quite common and routine vegetables used a day are out of the reach of people. Also, the standard of commodities isn't good."
Irfan Ali, who primarily sells potato and onions said: "Price of onions have crossed Rs 100 per kilo, only 1 month back it had been Rs 20 to Rs 30 per kilo. People feel helpless.” A kilo of onion in Mumbai (where the majority of onion farming and growers in India - lasalgaon and area around shirdi) now costs over Rs 100 per kilo, much on top of Rs 20-30 per kilo a month ago, within the case of potato, this price within the city ranges from Rs 50-60 per kilo as compared to Rs 25 per kilo a month ago. Other vegetables whose prices have jumped included cauliflower (Rs 120 per kilo), ladyfinger (Rs 90/kilo), brinjal (Rs 100/kilo), capsicum (Rs 80/kilo), carrot (Rs 100/kilo), green peas (Rs 160/kilo) Experts and wholesalers believe that the rates don't seem to be reduce till the fresh stock comes which only to be possible only after Diwali festival surpass. This has pushed the onion prices within the wholesale market of Pune from Rs 65 to Rs 75 a kilo. As a result, the retail value for onion in Pune has gone up from Rs 100 to Rs 130 a kilo. By the top of October, the marketplace for onion will go up to Rs 100 per kg. the explanation for this rise in onion prices is that the crop in southern states like Karnataka and Andhra Pradesh got damaged thanks to heavy rains. Whatever onion that's available in India is from Maharashtra and MP,” he said.
India consumes 3,000 truckloads of onion on a daily basis on a median. At present, the only 1,500 truckloads of onion are arriving within the markets. Restaurant owners are worried over the skyrocketing prices of onion. they are saying if onion prices still rise for two-three months, restaurants would be forced to revise their menu card and brace for lower footfalls.
On the opposite hand, onion merchants say it's unlikely that fresh onion stock will arrive in next three months. they assert even importing onions won’t fulfill the domestic demand.
ONION CROPPING
Onion may be a seasonal crop harvested two to 3 times during a year in India. Onion which is harvested by the top of March fulfills the demand till end of October and early November.
In between comes the fresh onion crop harvested within the month of August in southern states. By mid-October, early kharif onion harvest also starts arriving within the markets and by mid-November, bumper onion crop harvest comes late Kharif season.
This year, the erratic monsoon disrupted the cycle. because of heavy incessant rains, almost 50 per cent of the kharif crop in southern states including state, Telangana and Karnataka, and also in Maharashtra got damaged. This has affected the routine sale-purchase equation not only in Pune’s wholesale market but the onion hub of Lasalgaon in Nasik. there's no arrival of fresh onion crops from farms at the same time as October is nearing its end. This supply chain has been broken.
It will take another three to four months for fresh produce to hit the markets. Heavy rains have damaged the onion crops within the fields. Whatever onion that's coming to the market is from the produce harvested in March and April. The inflow of onion in Nasik wholesale market has reduced from 500 vehicles to 150 vehicles.
Government figures show that yearly onion production in India is 2.5 crore metric tonne. India's requirement is 1.5 crore metric tonne. There has been loss of around 50 per cent of onion crops this year thanks to rains. This can be the foundation & main cause for the increase in prices of onion.
compiled by www.multimediastudio.net
Comments