Summary:
By Express News ServiceCHENNAI: The onion prices at Koyambedu wholesale market have started dipping to the range of Rs 80 to Rs 100 and traders hope that in the next seven to eight days, will drop to Rs 50 to Rs 60 per kg. S Chandran, Market Management Committee Licensed Merchants Association president and Anaithu Sangankalin Kootamaipu, general secretary told Express, “On Friday, 40 trucks loaded with Maharashtra, Karnataka and Andhra onions reached the market. There were also fresh stocks of imported Egyptian onions.”To a query on whether the prices had come down due to Egyptian onions, Bhaskar, an onion trader said that sales had been hit as people are hoping that onion prices will come down. Now, onions from Andhra and Karnataka in the wholesale market are available at Rs 70 to Rs 80 per kg and Nasik onions are priced at Rs 100. Abdul Khader, secretary of Koyambedu Vegetable Wholesale Merchants Association, said top quality Nasik onion is still selling at Rs 120 per kg..