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Onions price soar again
Posted on: 07/May/2014 9:56:56 AM
The soaring prices of Bellary and sambar (small) onions in the past week have caused concern to the traders and the consumers alike.
The price of Bellary, which was at Rs. 18 a kg till a week ago, has gone up to Rs. 24 in the retail market. The price of small onion has been ruling at about Rs. 30 in the open market for a week.
The traders here are eagerly waiting for the poll outcome and the formation of new government. They expect the price of Bellary onion to go up further, if the new government decided to continue with the policy of bulk export of onion. The price of Bellary is expected to escalate to Rs. 30 during this month. Now, the price of onion was in the hands of the decision of the new government at the Centre on its export policy.
If the new government decided to restrict the export of Bellary, the price will continue to remain stable at Rs. 30 to Rs. 40. If the new government decided to continue with the export of onion, the price would go up.
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