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Prospects for onion prices to shoot up as arrival quantity reduces!
Posted on: 28/Sep/2020 12:25:07 PM
Just as in the case of onion, the quantity of carrot arriving in Chennai Metro City has reduced and as such, the carrot is also being sold at the high price of Rs. 100 per kg in the retail vegetable shops!
The prices of tomato and potato have shot up as well!
As the quantity of onions arriving at the Chennai Metro City has reduced substantially, there are prospects for onion price to shoot further up!
The quantity of onions arriving at the Chennai Metro City has reduced by about 25% this week as compared to the last week.
With this development, it has been informed on behalf of the traders that there are prospects for the onion price to shoot up by Rs. 10 to Rs. 15 per kg in the next week!
Presently, onion is being sold at Rs. 50. This may shoot up to Rs. 80 per kg in the retail vegetable shops!
At the same time, as the central government has banned the export of onions, the traders share the information that the price of onion may come down gradually in the coming weeks!
