Summary:
An analysis by Express reveals that even though there is no shortage of arrival of onions in the city’s onion market at Malakpet, the prices are more than double of last year. In the week from Nov 10 - Nov 16 this year, the onion market at Malakpet received 30,663 quintals of Grade-I onions and 43,836 quintals of Grade-II onions. This is actually more than the stock received last year (29,225 quintals of Grade-I and 43,836 quintals of Grade-II onions) at this market in the same week. Coming to retail rates, price of Grade-I onion in the city is as much as Rs 85 per kg and the lower quality is Rs 50-60 per kg. These traders then dry the onions, store it, and release them into the market in fewer quantities, thereby jacking up the prices..